Insta
Sensex Hits Life-Time High Of 40,846 Amidst Reports Of US-China Trade Deal
Sensex
The benchmark equity index Sensex on Monday (25 November) logged fresh all time high of 40,846 in line with firm global markets over reports that US and China may soon reach a trade deal ending their 16-month-long costly trade war.
Reports of an early trade deal trumped investors growth concerns. India is scheduled to release its Q2 GDP figures later this week which is widely expected to be below 5 per cent.
At 1.50 p.m., the Sensex was up 464.53 points at 40,823.94 after hitting its life-time high of 40,845.86 earlier in the day. The broader Nifty also surpassed the 12,000-mark led by index-heavyweights like Reliance Industries and Infosys.
The top Sensex gainers rally were Bharti Airtel, advancing over 5 per cent, followed by Tata Steel, Vedanta, IndusInd Bank, HFDC Bank. On the Nifty50, 43 scrips gained while seven traded lower.
Deepak Jasani of HDFC Securities said: "Core Infra data for October will be unveiled on November 29 and India's Q2FY20 GDP number will also be unveiled on Nov 29 post market hours. The macro numbers may not surprise positively but will put behind one uncertainty. The macro numbers may not surprise positively but will put behind one uncertainty."
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
