Market Update: Sensex Snaps 3-Day Fall, Ends 109 Points Up Led By Hero Motocorp Shares


MUMBAI: The benchmark Bombay Stock Exchange (BSE) index Sensex on Friday reversed a three-session falling trend and ended over 109 points higher at 26,108.53 led by gains in shares of Hero MotoCorp, HDFC Bank, BHEL, M&M and SBI, amid rebound in global markets after positive United States data.

Besides, encouraging corporate earnings and exit polls showing the Bharatiya Janata Party (BJP) gaining majority in Maharashtra and Haryana Assembly elections triggered a fresh spell of buying by participants, brokers said.

The 30-share barometer reclaimed the 26,000-mark by rising 109.19 points (or 0.42 per cent), to end the session at 26,108.53 after climbing to an intra-day high of 26,248.54. The surge comes after the BSE index lost 384.73 points in the previous two trading sessions.

Out of the 30 Sensex scrips, 21 counters ended with gains while nine stocks closed in the negative zone.

The broader National Stock Exchange (NSE) Nifty also recovered by 25.00 (or 0.32 per cent), to 7,773.20. The 50-scrip NSE index regained the 7,800-mark intra-day to touch the day's high of 7,819.20.

"Auto and banking stocks helped indices rise...rebound in global markets, further strengthened market sentiment," said Manoj Choraria, a stock broker based in the national capital.

Source: PTI