Sensex Hits 35,000 Points For The First Time As Govt Cuts Borrowing

Posted By:
Subscribe to GoodReturns

The Sensex hits 35,000 points for the first time, as the government cut its borrowing programme and on hopes that the Union Budget would push growth higher.

Sensex Hits 35,000 Points For The First Time As Govt Cuts Borrowing

The Sensex ended the day at 35,084 points, higher by 310 points, while the Nifty gained 88 points at 10,788 points. Leading the set of gainers in trade were banks, which led the charge, following the reduction in the government borrowing programme. Bond yields fell and bond prices rallied, pushing shares of PSU banking stocks.

State Bank of India rallied 3.5 per cent, while other notable gainers were Axis Bank and Infosys. However, some stocks like Wipro, Hero Motors and Oil and Natutral Gas Corporation fell.

The Bank Nifty hit a new all time high today, like the indices, while the midcap index ended 0.78 points higher. Shares in Zee Entertainment fell after the company declared its results.

Meanwhile, the rupee hit 63.92 to the dollar, while the 10 year yield dropped by 0.13 per cent.

GoodReturns.in

Read more about: sensex nifty stock market
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

Get Latest News alerts from Goodreturns

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more