Closing Bell: Sensex jumps 616 points, Nifty closes at 15,989
- Sensex climbed 616.62 points or 1.16% to settle at 53,750.97
- Nifty surged 178.95 points or 1.13% to 15,989.80
- The rupee jumped 3 paise at 79.30 against the US dollar
The BSE Sensex climbed 616.62 points or 1.16% to settle at 53,750.97, During the day, it jumped 684.96 points or 1.28% to 53,819.31. The NSE Nifty surged 178.95 points or 1.13% to 15,989.80.
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The broader indices ended in green with the BSE Mid cap index up by 1.76%, while the Small cap index was up by 0.94%. On the sectoral front, Auto was up by 2.73%, Consumer Disc was up by 2.47%, FMCG was up by 2.45%, Consumer Durables was up by 2.42% and Realty was up by 2.39%, while Energy was down by 0.27% and Metal down by 0.25% were the only losing indices on BSE.
Major gainers from the Sensex pack were Bajaj Finserv up by 4.54%, Bajaj Finance up by 4.51%, Hindustan Unilever up by 4.01%, Maruti Suzuki up by 3.48%, Asian Paints up by 3.45%, Titan Company up by 3.21%, Kotak Mahindra up by 2.55%, Nestle up by 2.33%, Mahindra up by 2.08% and UltratTech Cement up by 1.74%.
Among the laggards were Power Grid Corp down by 1.63%, NTPC down by 1.03%, Reliance down by 0.87%, Larsen down by 0.50%, and Tata Steel down by 0.22%.
The rupee recovered from its all-time low to close 3 paise higher at 79.30 against the US dollar.
In the previous session, the BSE Sensex had declined 100.42 points or 0.19% to settle at 53,134.35. The Nifty slipped 24.50 points or 0.15% to 15,810.85.
"According to preliminary data made public on the NSE, FIIs became net purchasers on July 5 for the first time since May 30, purchasing shares worth Rs 1,295.84 crore," Mohit Nigam, Head - PMS at Hem Securities, said.
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Brent crude, the international oil benchmark jumped 2.43% to $105.3 per barrel.
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According to stock exchange data, foreign institutional investors (FIIs) turned net buyers for the first time since May 30, buying shares worth Rs 1,295.84 crore on July 5.