Sensex jumps 676.69 points

Mumbai, May 16 (UNI) Erasing previous session’s losses, the BSE Sensex on Thursday posted a huge gain of 676.69 points to close strong at 73,663.72 due to fag end buying across the board amid mixed global cues.

The National Stock Exchange (NSE) rose 203.30 points at 22,403.85.

The NSE registered days high and low at 22,432.25 and 22,054.55 points, respectively.

Sliding over 100 points on Wednesday, the Sensex recovered 351 points to open at 73,338.24. It was spurted 762 points at 73,749.47, days high before closing at 73,663.72, surging 676.69 points from its last close.

In today’s session, Capital Goods, Consumer Durable,Technology and Realty stocks sparkled.

Capital Goods was up by 2.05 per cent followed by Consumer Durable by 1.90 per cent, Technology by 1.66 per cent and Realty by 1.59 per cent.

In 30 scrips, 25 advanced while 5 declined.

The Mid Cap gained 1.07 per cent and Small Cap by 0.85 per cent.

The gainers were M&M by 3.93 per cent to Rs 2,393; Bharti Airtel by 2.38 per cent to Rs 1,342.95; Tech Mahindra by 2.34 per cent to Rs 1,304.45; Titan by 2.13 per cent to Rs 3,338.05 and Infosys by 2.13 per cent to Rs 1,451.

The losers were Maruti Suzuki by 2.16 per cent to Rs 12,500; Tata Motors by 1.15 per cent to Rs 936.35; SBI by 0.91 per cent to Rs 812.90 and Powergrid by 0.90 per cent to 312.15.

Even, Asian Market was up as Federal Reserve may initiate a rate cut cycle because of softer inflation data in the US. Japan’s Nikkei rose by 1.37 per cent, South Korea’s Kospi by 0.82 per cent and Hong Kong’s Hang Seng by 1.56 per cent.

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