Sensex leaps to biggest single-day gain in a month

The 30-share Sensex opened on a negative note on across-the-board losses and touched a low of 32,682.52

The NSE Nifty opened higher at 10,063.45 and moved in a range of 10,182.65 and 10,061.90, before ending at 10,166.70, up by 122.60 points, or 1.22 percent - its highest closing since November 30, 2017.

The benchmark BSE Sensex was trading down by 78.86 points in late morning deals due to selling in rate-sensitive stocks ahead of the key RBI policy announcement.

After a strong start at 32,968.02, the Sensex reclaimed the 33,000-mark to hit a high of 33,008.62 points but profit- booking at higher levels capped the gains. Investors seemed to be bargain buying after the recent fall.

The Nifty mid-cap and small-cap indices climbed by 1.43 per cent and 1.44 per cent, respectively.

On the NSE, 1,273 shares advanced, 473 declined, while 60 remained unchanged.




Vinod Nair, Head of Research, Geojit Financial Services, said: "Market smartly recouped from the yesterday's losses which were triggered by Reserve Bank of India's (RBI) hawkish policy and weakness in global market".

Major Asian indices closed higher.

The rupee's weakness against the dollar too dampened the overall mood.

All the 19 sub-indices of the BSE ended in the positive territory, led by the S&P BSE consumer durables index, which augmented by 523.55 points, followed by auto index by 488.19 points and capital goods index by 378.66 points.

Other gainers were Asian Paints, Maruti Suzuki, Tata Steel, Bajaj Auto, NTPC, L&T, ICICI Bank, HUL, SBI, Tata Motors, Lupin, Adani Ports, Hero Motocorp, Power Grid and Infosys, rising by up to 3.29 per cent.

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