Advertisement
trendingNowenglish2170905https://zeenews.india.com/markets/sensex-soars-over-460-points-nifty-regains-10800-2170905.html

Sensex soars over 460 points, Nifty regains 10,800

Drop in inflation raised hopes of monetary easing.

Sensex soars over 460 points, Nifty regains 10,800

New Delhi: Markets posted strong gains with both the Sensex and Nifty closing above 1.30 percent as lower inflation figures gave way to expectations of an ease in the monetary policy by the Reserve Bank of India in its February policy review.

The BSE Sensex jumped 464.77 points or 1.30 percent to 36,318.33 while the NSE Nifty jumped 149.20 points or 1.39 percent to 10,886.80.

The top gainer in the Sensex pack was Yes Bank (3.86 percent), followed by Infosys (3.66 percent), Vedanta (3.03 percent), Reliance (3.02 percent) TCS (2.74 percent) and Bajaj Finance (2.30 percent). Other gainers were Bharti Airtel, Tata Motors, Hero MotoCorp, HUL, Asian Paints and ONGC -- gaining as much as 1.73 percent.

Shares of Power grid, ICICI Bank and Maruti however ended in red by falling 0.72 percent.

Continued decline in food prices pulled down retail inflation to an 18-month low of 2.19 percent in December 2018. Another set of official data showed that the wholesale inflation too eased to an eight-month low of 3.80 percent in December on softening fuel and food prices.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 732.46 crore Monday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 527.49 crore, provisional data available with BSE showed.
 

With Agency Inputs

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK