1. Sensex spikes 600 points in the week; settles higher with 6 days of consecutive gains

Sensex spikes 600 points in the week; settles higher with 6 days of consecutive gains

The benchmark Sensex had advanced for six consecutive days and added 609.87 points in six trading sessions to finish at 32,272.61 points.

By: | Updated: September 15, 2017 3:44 PM
The benchmark Sensex added 609.87 points in six trading sessions to finish at 32,272.61 points. (Image: Reuters)

The BSE Sensex ended this week on a positive note on Friday after trading lower till the late afternoon trade. Today the Indian markets opened lower following a weaker trend among the Asian markets which fell after  North Korea fired another missile over Japan into the Pacific Ocean today. BSE Sensex gained 30 points to end at 32,272.61 points while NSE Nifty settled 1 point lower at 10,085.4 points. The benchmark Sensex had advanced for six consecutive days and added 609.87 points in six trading sessions to finish at 32,272.61 points.

The buying in the shares of heavyweight companies such as Infosys, ONGC, Bajaj Auto, TCS, HDFC Bank led the index to close higher. Collectively these five stocks alone added about 86 points to the Sensex gains while ITC, ICICI Bank, HDFCm SBI, and L&T capped the gains.

North Korea launched an intermediate-range missile on Friday that flew 3,700 kilometers (2,300 miles), setting off alarms as it flew over Japan to land in the Pacific Ocean. The launch was the latest sign of Pyongyang’s willingness to defy international opinion as it moves closer to building up a military arsenal targeting US forces, Associated Press reported.

ONGC was the top gainer on the 30-share indicator today, rose as much as 5.24% to Rs 167.75, other shares which also gained through the day are Bajaj Auto (up 3.36%), Coal India (up 1.98%), Infosys (up 1.76%), TCS (up 0.52%), Wipro (up 9.92%). While shares of Dr Reddy’s Laboratories (down 1.61%), ITC (down 0.86%), and NTPC (down 1.22%) ended in the red.

Out of the 31 scrips on Sensex, 19 declined while 12 advanced at the closing. The sectoral indices of NSE ended mixed, five out of eleven indices closed higher, rest ended down. Nifty IT traded in green since the morning trade closed the day 0.99% higher.

Meanwhile, amid the regional markets, Japan’s Nikkei index added 0.5% to end at 19,835.3 points, South Korea’s Kospi recouped initial losses to close 0.4% higher at 2,386.07 points. Hong Kong’s Hang Seng edged up 0.1% to 27,807.59 points while the Shanghai Composite index shed 0.5% to close at 3,353.62 points. Australia’s S&P/ASX 200 index sank 0.8% to finish at 5,695 points.

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