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Bulls take charge ahead of exit polls: Sensex up 537 pts; Nifty over 11,400

SI Reporter/New Delhi 17 May 19 | 07:14 AM

Sensex and Nifty surged on the final day of a volatile week on Friday with both the benchmark indices gaining over a per cent each ahead of exit polls outcome on Sunday.

The benchmark Sensex zoomed almost 1.5 per cent, up 537 points, to close at 37,931, with Bajaj Finance, Hero MotoCorp, Maruti Suzuki India, Kotak Bank, and Bajaj Auto registering the biggest gains. Market breadth remained in favour of buyers with the advance-decline ratio at 3:2.

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Kotak Mahindra, ICICI Bank, HDFC twins, and ITC were the biggest contributors in Sensex's march to the north.

The broader Nifty50 also surged 1.33 per cent, or 150 points, to end the day at 11,407. About 1,029 stocks advanced and 723 shares declined on National Stock Exchange.

Among sectoral indices, only three indices remained in the red, with Nifty Media gaining the highest 3.53 per cent. Nifty Bank, Nifty Auto, Nifty Finance Service, Nifty FMCG and Nifty Private Bank all rose more than 2 per cent.

In the broader market, the S&P BSE MidCap gained 153 points, or 1.08 per cent, at 14,308.36, while the S&P BSE SmallCap also rose 70 points, or 0.51 per cent, at 13,887.

GLOBAL MARKETS

Asian shares were trying to hold steady on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1 per cent and were off a 15-week trough.

Japan’s Nikkei bounced 0.7 per cent in early trade, while the main Australian index added 0.5 per cent.

In commodities, oil prices rose again on Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.

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Sensex

Company Price Gain (%)
Bajaj Fin.3,301.206.09
Hero Motocorp2,623.504.26
Maruti Suzuki6,707.203.53
Kotak Mah. Bank1,460.703.31
Bajaj Auto3,041.803.30

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