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Indian Market: Sensex rises by 481.56 pts

India Blooms 2019-03-12 18:48:15

UNI

Mumbai, Mar 12 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Tuesday registered a massive gain of 383.67 points for the second straight session to close at 37,535.66 following heavy buying from domestic investors amid postive cues from global peers.

The mood has turned clearly buoyant as the stock markets are expecting a full majority for the BJP-led National Democratic Alliance (NDA) in the 2019 Lok Sabha polls and hence a stable political regime.

The Nifty of National Stock Exchange (NSE) too rose by 133.15 points to 11,301.20.

After opening higher at 37,249.65, the Sensex rose further to a high of 37,586.63 sensex recorded day low of 37,230.85.

The Nifty registered day high and low at 11,320.40 and 11,227.00 respectively.

BSE Mid-Cap rose 1.07 pc. Small-Cap rose 0.71 pc The market breadth, indicating the overall health of the market, was strong. On the BSE, 1645 shares rose and 1072 shares fell. A total of 145 shares were unchanged.

Overseas, European shares were trading higher following a strong session in Asian markets, as Monday's rebound continued.

Asian stocks gained on the back of a strong performance in U.S. markets overnight.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 per cent, following on from a rally on Wall Street overnight.

Australian shares were up 0.4 per cent, while Japan's Nikkei stock index jumped 1.6 per cent.

U.S. stocks snapped a five-day losing streak to close higher Monday as technology shares rallied, offsetting some of the gloom from Boeing Co.'s woes after the second deadly crash in about six months involving the company's 737 Max 8 aircraft.

The Dow Jones Industrial Average rose 0.79 per cent.

The S&P 500 gained 1.47 per cent to 2,783.3.