Sensex up 428.62 points, Nifty ends over 12,100; Bharti Infratel, Grasim Industries win


Mumbai: The stock index closed in the green on Wednesday (February 19) with the Sensex rising 428.62 points, or 1.05%, to 41,323, while the broader nifty ended at 137.80 points, or 1.15%, at 12,130.30 , The Nifty's main winners were Bharti Infratel, Grasim Industries, Coal India and HUL, while Tata Motors, JSW Steel, Sun Pharma, TCS and Bharti Airtel were the top losers.

Around 1499 shares rose, 982 shares declined and 173 shares remained unchanged. In the industry indices, pharmaceuticals, metals, infrastructure, FMCG and energy each rose by 1 percent.

In the early morning hours of Wednesday, after four days of losses, the stock index indices were optimistic in line with Asian competitors. At 10:15 a.m., the BSE S & P Sensex rose 248 points, or 0.61 percent, to 41,138, while the Nifty 50 rose 69 points to 12,062.

All industry indices on the National Stock Exchange were in the green, with Nifty Pharma and Realty increasing 1.6 percent and Metal 1.4 percent, respectively. Bharti Infratel increased its shares by 7.1 percent to 224.90 rupees per share.

Reliance Industries, the index heavyweight, rose 1.53 percent to 1,489.90 rupees per share. The other major winners were NTPC, Coal India, ONGC, Vedanta, Grasim, Nestle India and Axis Bank. However, Tata Motors fell 2.5 percent and Hero MotoCorp fell 0.04 percent, while Yes Bank fell 1.5 percent after the National Stock Exchange (NSE) announced it would no longer be part of Nifty 50 as of March 27 -Index to be.

Meanwhile, Asian stocks moved cautiously as investors tried to shake off concerns about the coronavirus epidemic after a slight drop in the number of new cases.

The broadest MSCI Asia Pacific equities index outside of Japan rose slightly by 0.03 percent, while Chinese equities rose early to 0.15 percent. The Japanese Nikkei stock index rose 0.5 percent.

(With agency input)