Sensex rallies 478 pts; Nifty tops 11,350

Mumbai, August 18

Equity benchmark Sensex rallied 478 factors on Tuesday, pushed by positive factors in index majors Reliance Industries, HDFC Bank and ICICI Bank amid optimistic cues from international markets and sustained overseas fund inflows.

The BSE Sensex ended 477.54 factors or 1.26 per cent larger at 38,528.32, whereas the NSE Nifty surged 138.25 factors or 1.23 per cent to 11,385.35.

ExtremelyTech Cement was the highest gainer within the Sensex pack, rising over three per cent, adopted by Kotak Bank, ICICI Bank, Asian Paints and Tata Steel.

Reliance Industries and HDFC Bank added most to the positive factors on the index.

On the opposite hand, Tech Mahindra, HCL Tech, Bajaj Auto and Power Grid have been among the many laggards.

According to merchants, shopping for in index heavyweights led benchmarks larger amid sustained overseas fund inflows.

Foreign institutional traders purchased equities price Rs 332.90 crore on a web foundation on Monday, provisional trade information confirmed.

Largely optimistic cues from international markets too supported home indices, they mentioned.

Bourses in Shanghai and Hong Kong ended on a optimistic be aware, whereas Tokyo and Seoul have been within the crimson.

Stock exchanges in Europe have been buying and selling with vital positive factors in early offers.

Global oil benchmark Brent crude was buying and selling 0.37 per cent decrease at USD 45.20 per barrel.

In the foreign exchange market, the rupee settled 12 paise larger at 74.76 towards the US greenback. PTI 


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