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Sensex ends 125 points higher, Yes Banks ends 13% higher
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SME Times News Bureau | 11 Sep, 2019
Amid signs of easing trade
tension between the US and China and expectations of more measures by
the Central government to push growth, the Sensex advanced by 125 points
on Wednesday.
The index gains were led by healthy buying in manufacturing, real estate and automobile sectors.
The
Sensex gained over 125 points to 37,270.82 from its previous close of
37,145.45. It opened at 37,251.03. The Nifty jumped by 32.65 points to
11,035.70.
Real estate companies on the exchanges were back in
favour amid expectations of big-ticket reform announcements for the
sector by Finance Minister Nirmala Sitharaman later in the week.
The
Nifty Realty index jumped over 4 per cent after Minister of State
(MoS), Finance & Corporate Affairs, Anurag Thakur said that the
government may make announcement for the realty sector in the coming
days.
Consequently, the index finished highest among the 11
sectoral indices on the Nifty, with Oberoi Realty Limited leading the
pack with over 10 per cent gain. Godrej Properties Limited, Sunteck
Realty Limited and DLF Limited gained in the range of 3 to 6 per cent.
Yes
Bank closed over 13 per cent higher following reports that promoters
may sell part of their holdings in the lender to One97 Communications
Ltd, the parent of Paytm.
Tata Motors jumped over 10 per cent after sales data showed recovery in the Chinese market.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 23 Sep, 2019 |
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| Daily Poll |
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| Is the Union Budget 2019 MSME-friendly? |
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