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Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

SI Reporter/New Delhi 12 Mar 18 | 03:30 PM

A share broker monitors market fluctuation

The domestic indices ended nearly 2% higher on Monday, mirroring gains in their key Asian counterparts.

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The S&P BSE Sensex ended at 33,918, up 611 points while the broader Nifty50 index settled at 10,421, up 195 points. This was the biggest intra-day gain for the indices in almost a year, data show.

In the global markets, a relief rally swept across Asia on Monday after the latest US jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally.

MSCI’s index of Asia-Pacific shares outside Japan climbed 1.3 per cent, poised for a third session of gains. Japan’s Nikkei jumped 1.6 per cent.

Inflation worries faded on Friday after US data showed nonfarm payrolls jumped by 313,000 jobs last month, but annual growth in average hourly earnings slowed to 2.6 per cent after a spike in January.

Back home, the Nifty FMCG index ended 2.62% higher on Monday, led by a rise in the shares of United Spirits, ITC and Tata Global Beverages, while the Nifty Metal index rose 2.14% as Jindal Stainless (Hisar), Jindal Steel & Power and Steel Authority of India Limited gained ground.

(with inputs from Reuters)

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Sensex

Company Price Gain (%)
ICICI Bank297.551.47
Reliance Inds.1,032.351.22
H D F C1,855.250.47
Tata Motors306.550.31
Infosys1,246.350.24

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