Sensex rises for 4th straight day, gains 232 pts

Sensex rises for 4th straight day, gains 232 pts

Mumbai, Jan 9: The frontline equity indices continued their winning momentum, gaining for the fourth straight session and settling around 0.5 per cent higher on Wednesday aided by gains in banking and fast-moving consumer goods (FMCG) stocks.
The S&P BSE Sensex ended at 36,213, up 232 points or 0.64 per cent, while the broader Nifty50 index settled at 10,855, up 53 points or 0.49 per cent.
Among the sectoral indices, the Nifty FMCG index rose 1.01 per cent led by gains in ITC and Dabur India. The Nifty Bank index too rose 0.77 per cent led by Axis Bank, HDFC Bank and ICICI Bank.
However, shares of YES Bank ended 3.02 per cent lower at Rs 186.55 on the National Stock Exchange (NSE) as the investors awaited the outcome of the bank’s board meeting in regards to the appointment of the new managing director (MD) and chief executive officer (CEO).
The broader market indices, however, settled marginally in red with the S&P BSE Midcap ending at 15,122 levels, down 6 points or 0.04 per cent, while S&P BSE SmallCap slipped 24 points or 0.17 per cent to 14,601.
The rupee traded on a weak note during the day falling to 70.64 against the dollar in intra-day trade. The domestic unit had settled at 70.20 against the greenback on Tuesday.
Global Markets
Asian shares climbed to a three and half week high on Wednesday and European and US markets looked set to follow on growing optimism that the United States and China were inching toward a trade deal that could lift a major threat to the global economy.