Closing Bell: D-Street bounces back as
Sensex surges 347 pts, Nifty reclaims 11,000; financials rally.
What a
comeback for the bulls of days of relentless correction. Sharp recovery among
financials, along with automobiles, metals, pharmaceuticals and IT names
ensured that benchmarks ended the day at high points of the day.
The
Sensex ended over 350 points higher, while the Nifty ended above 11,000-mark as
well.
Among
sectors, energy and infrastructure names were the only big losers, while all
other indices closed in the green. In the broader markets, the Nifty Midcap
ended quarter of a percent higher as well.
At the
close of market hours, the Sensex ended higher by 347.04 points or 0.96% at
36652.06, while the Nifty is up 100.10 points or 0.91% at 11067.50. The market
breadth is negative as 1,074 shares advanced, against a decline of 1,553 shares
declined, while 184 shares were unchanged.
HEADLINES OF THE DAY
DHFL
erases morning gains to plunge 27% amid liquidity fears.
NBFCs
down up to 50% in September.
Indian
rupee trades flat at 72.60 per dollar.
The crucial resistance for
Nifty spot is now seen at 11180 and above this 11320 Support for the immediate
term is now placed at 10900 next support will be 10720.
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