Business

Sensex up over 400 points, Nifty crosses 11,250

Agency | March 12, 2019 12:24 PM

MUMBAI: The domestic equity indices surged over 1 per cent on Tuesday, with the BSE Sensex gaining over 400 points after the European Commission and the UK agreed to "legally binding" changes in the Brexit deal ahead of the vote in the British parliament.

The Nifty50 on the National Stock Exchange crossed the 11,250 mark during the day.

European Commission President Jean-Claude Juncker and British Prime Minister Theresa May on Monday said that they agreed to "clarifications and guarantees" regarding the Brexit provision to prevent the return of a hard border between the Irish Republic and the UK province of Northern Ireland.

The announcement has boosted all the major Asian markets.

In the domestic markets, higher inflow of Foreign Institutional Investments (FII) also supported the gains, analysts said.

All the sectoral indices traded in the green led by realty, capital goods and consumer durable stocks.

At 11.12 a.m., the Sensex traded 37,494.50, higher by 440.40 points or 1.19 per cent from the previous close of 37,054.10 points.

It had opened at 37,249.65 and touched an intraday high of 37,519.08 and a low of 37,230.85 points.

The Nifty50 traded higher by 1.17 per cent or 130.65 points at 11,298.70 points.

Stock-wise, the top gainers on the Sensex so far were Bharti Airtel, Larsen and Toubro and ICICI Bank, while the only losers were Hero MotoCorp, Infosys, Bajaj Auto and ONGC.

Have something to say? Post your comment
Must Read
Mansa administration to observe martyrdom of Bhagat Singh as Shanivaar Shramdaan Mission, DC
Mansa administration to observe martyrdom of Bhagat Singh as Shanivaar Shramdaan Mission, DC
Nirav Modi arrested in London, to be produced in court today
Nirav Modi arrested in London, to be produced in court today
Punjab CEO convened meeting with representatives of TV channels
Punjab CEO convened meeting with representatives of TV channels
Election Commission of India gives green signal to allotment of liquor vends for 2019-20
Election Commission of India gives green signal to allotment of liquor vends for 2019-20
So-called “Sting Operation” by BJP funded TV channel is “Doctored”, aims to tarnish my image: MP Chaudhary Santokh Singh
So-called “Sting Operation” by BJP funded TV channel is “Doctored”, aims to tarnish my image: MP Chaudhary Santokh Singh
Punjab CM orders Rs. 12 lakh financial assistance to martyr Karamjeet Singh
Punjab CM orders Rs. 12 lakh financial assistance to martyr Karamjeet Singh
More police at Nurmahal Dera than police station
More police at Nurmahal Dera than police station
Jalandhar (Rural) police arrest one drug smuggler, seize 3-kg opium
Jalandhar (Rural) police arrest one drug smuggler, seize 3-kg opium
Counter intelligence arrest gangster Iqbal Singh Afridi, head of infamous Cobra gang
Counter intelligence arrest gangster Iqbal Singh Afridi, head of infamous Cobra gang
Vigilance registers corruption case against two head constables, one nabbed
Vigilance registers corruption case against two head constables, one nabbed
LOK SABHA POLLS- 2,21,480  Licensed Weapons Surrendered in Punjab after enforcement of model code of conduct
LOK SABHA POLLS- 2,21,480 Licensed Weapons Surrendered in Punjab after enforcement of model code of conduct
BJP’s `Main Bhi Chowkidar’ campaign won’t fill stomachs or give jobs, says Capt Amarinder
BJP’s `Main Bhi Chowkidar’ campaign won’t fill stomachs or give jobs, says Capt Amarinder