Indian market: Sensex up 581.64 pts
Mumbai, Oct 29 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Tuesday posted a massive gain of 581.64 points to 39,831.84 following gains in auto and metal shares and media reports of a likely major tax tweak from the government boosted investor sentiment.
Optimism over US-China trade deal and the European Union extending Brexit deadline to 31 January 2020, also triggered buying.
The National Stock Exchange (NSE) too rose by 159.70 points to 11,786.85.
The BSE Sensex remained in green throughout the day as it opened at 39,293.49, rising by 43 points. It spurted 667 points to 39,917.01, day high, before closing at 39,831.84, up by 581.64 points from its last close.
The sectoral indices like Energy, Finance, Auto, Capital Goods and Oil and Gas kept the market strong for another day. In scrips, Tata Motors DVR, Tata Motors, Tata Steel, Yes Bank and Axis Bank rallied while selling in Bharti Airtel, Kotak Bank, Powergrid and SBI capped from further gain, broker informed.
The Nifty recorded day high and low at 11,809.40 and 11,627.35 points respectively.
The S&P BSE Mid-Cap index rose 1.12 pc while the S&P BSE Small-Cap index rose 0.55 pc.
The market breadth was negative. On the BSE, 1436 shares rose and 1029 shares fell. A total of 212 shares were unchanged. In Nifty 50 index, 39 stocks advanced and 11 stocks declined.
In the overseas market, European shares declined while Asian shares ended mixed as traders continued to monitor the progress in U.S.-China trade discussions.
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