Bank, metal stocks lift Sensex 166 points higher


Mumbai, Jun 11: Benchmark indices ended higher, lifted by bank and metal stocks, for third consecutive trading session on Tuesday that also saw Sensex and Nifty reclaim the 40,000-mark and 12,000-mark, respectively, during intra-day trade although the indices settled at lower levels by the end.
The benchmark S&P BSE Sensex rose 166 points, or 0.42 per cent, to 39,950, with Tata Motors, ONGC, YES Bank, IndusInd Bank, and Vedanta among the top gainers. Only seven out of the 30 BSE constituents ended the day in the red.
The broader Nifty50 index added 43 points, or 0.36 per cent, to 11,966. About 1,141 shares advanced, 1,393 declined, and 153 remained unchanged on the NSE.
Among Nifty sectoral indices, only Nifty FMCG and Nifty Pharma indices were trading in the red, with Nifty PSU Bank, up 1.69 per cent, leading the list of gainers, followed by Nifty Metal index, up 1.32 per cent.
In the broader market, the S&P BSE MidCap index jumped 118 points, or 0.79 per cent, to 15,040, while the S&P BSE SmallCap index rose 34 points, or 0.24 per cent, to 14,619.
Shares of all listed Indiabulls Group companies were under pressure, falling up to 10 per cent on the BSE during the early morning trade on Tuesday after media reports alleged Indiabulls Housing Finance Limited (IHFL) for misappropriating Rs 98,000 crore of public money.
Shares of Eveready Industries slipped up to 4 per cent to Rs 86.55 apiece on the National Stock Exchange during the early morning deals on Tuesday after credit ratings agency India Ratings and Research downgraded the company’s long-term credit ratings.