Sensex ends 407 points lower; Nifty settles at 10454

12 February, 2018, 14:46 | Author: Regina Silva
  • Sensex ends 407 points lower; Nifty settles at 10454

The rupee recovered by 15 paise to 64.25 against the dollar in opening trade today on fresh selling of the U.S. currency by exporters and banks amid a higher opening in domestic equity markets.

"Major Asian markets closed on a positive note, barring the Hang Seng index".

Meanwhile, Nifty Bank index of which Bank of Baroda is a constituent, has added around 1.69% in last one month and is now quoting at 25463.65, up 0.65% on the day.

At 11.05 am, the BSE Sensex was up 247.18 points at 34,252.94, while the National Stock Exchange's Nifty 50 rose 67 points to 10,521.95.

Last week on Friday, the key equities plunged into the negative territory amid a global sell-off.

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European shares rebounded from six-month lows on Monday as jitters over a sudden spike in volatility that wiped off $1 trillion in market capitalization last week appeared to ease.

Sensex and Nifty had fallen almost 3 percent last week, hit by a global market rout.

On the macro front, the government will announce inflation data based on consumer price index (CPI) for January and industrial production data for December 2017 to be released after market hours today.

"Mid and small-caps outperformed the benchmark indices as investors start accumulating the over sold stocks".

Plenty of stocks in the S&P BSE Smallcap index rose up to 30 percent which includes names like Surya Roshni, followed by Excel Industries, Bombay Dyeing, Lumax Industries, FDC, Arshiya, Gulf Oil etc. among others. Only three stocks - State Bank of India, Coal India and NTPC - declined on the Sensex. Find us on Facebook too!



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