Sensex jumps 260 points; Nifty above 11375; Sun Pharma, APSEZ top gainers
12/09/2018 14:37

The benchmark indices are trading higher as the rupee has firmed after hitting a record low of 72.91 against US dollar.

As per the media reports, Prime Minister Modi will be holding a meeting over the weekend to review the economic situation and the rupee condition as well. Further, the reports add that there could be measures rolled out after the meeting as well. The Indian currency is massively off its lows and has recovered over 57 paise.

Moreover, the government will issue consumer price inflation and index of industrial production data after 5.30 PM today.

Oil prices jumped as a potentially devastating hurricane headed for the American east coast.

Globally, European markets are higher today with shares in France leading the region. The CAC 40 is up 0.77% while Germany's DAX is up 0.47% and London's FTSE 100 is up 0.13%.

At 14:21 hours, BSE SENSEX was at 37672.86 up by 259.73 points or by 0.69 % and NSE Nifty was at 11377 up by 89.5 points or by 0.79 %.

The BSE Sensex touched intraday high of 37702.09 and intraday low of 37342. The NSE Nifty touched intraday high of 11378.35 and intraday low of 11250.2.

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 652.65,+3.42%), Adani Ports & Special Economic Zone Ltd. (Rs. 375.75,+3.03%), Power Grid Corporation of India Ltd. (Rs. 191.80,+2.65%), Hindustan Unilever Ltd. (Rs. 1632.50,+2.58%), Vedanta Ltd. (Rs. 224.85,+2.48%), among others.

The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 640.55,-1.53%), Tata Motors Ltd. (Rs. 263.80,-1.27%), ICICI Bank Ltd. (Rs. 323.75,-0.87%), IndusInd Bank Ltd. (Rs. 1816.95,-0.67%), Asian Paints Ltd. (Rs. 1290.70,-0.40%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2845, shares advanced were 1087 while 1580 shares declined and 178 were unchanged.