For Quick Alerts
For Daily Alerts

Sensex rallies 490 points on rate cut hopes


Sensex rallies 490 points on rate cut hopes
Sensex, Nifty rallied today as strong buying support was seen banking, realty and auto stocks on expectation of rate-cut after inflation fell to a three-year-plus low.

The Sensex ended the day higher by 490 points, while the Nifty ended with gains of 152 points.


The S&P BSE Bankex index was up 403.45 points or 2.8% . HDFC Bank was up 3.78%, ICICI Bank was up 3.83%, SBI rallied 4.20% and PNB was higher by 7.61%.

Shares of Tata Motors were up over 3.5% after its unit Jaguar Land Rover Ltd reported a 12% increase in sales in April.

Among the sectoral indices all the sectors were trading in positive terrain. IT, TECk, Consumer Durables leading the rally.

The benchmark Sensex touched a high of 20,226 points and low of 19,798.18 points in the trade.

The only losers in today's trade were Power Grid, Cairn India and Ultratech Cement. Among major gainers, L&T, Mahindra and Mahindra, Maruti Suzuki, ONGC, Bajaj Auto, Cipla, Bharti Airtel and Dr Reddy's lab advanced on investment buying.

Read more about: sensex nifty
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X