Sensex jumps over 370 points, Nifty regains 11,500

Markets remained closed on Thursday on the ocassion of Ganesh Chaturthi.

Sensex jumps over 370 points, Nifty regains 11,500

New Delhi: Sensex jumped over 370 points while Nifty reclaimed 11,500 in closing trade on Friday amidst easing data on August inflation, recovery in the rupee  and positive global gains after reports said that the US and China may hold fresh talks on trade tariffs issue.

The BSE Sensex jumped 372.68 points or 0.99 percent at 38,090.64. In a similar fashion, the NSE Nifty soared 145.30 points or 1.28 percent to 11,515.20.

Domestic investor sentiments firmed up after data showed that Wholesale Price Index for August  eased to 4.53 percent from 5.09 percent in July.

All sectoral indices ended in the green, led by realty, power, consumer durables and metals. Vedanta was best performer in the Sensex pack, surging 5.25 percent after the company said Thursday it has discovered natural gas in a Krishna Godavari basin block.

Other gainers included PowerGrid, Asian Paints, NTPC, Yes Bank, HDFC Ltd, IndusInd Bank, ONGC, Sun Pharma, Bharti Airtel, SBI, Tata Steel, ICICI Bank, Maruti Suzuki, Tata Motors, M&M, Adani Ports, TCS, Hero MotoCorp and L&T, rising by up to 3.31 percent.

Markets remained closed on Thursday on the ocassion of Ganesh Chaturthi.

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