Sensex ends higher at 39,592.08 pts ahead of June derivatives expiry

6/26/2019

Agencies, Mumbai Extending the winning streak for the second straight session on Wednesday, the BSE Sensex rose by 157.14 points to end volatile session on a firm note at 39,592.08 on back of brisk buying in Health Care, Metal, Oil & Gas, Power, Capital Goods and Bankex stocks ahead of expiry of June derivatives as well as on reports of swift advance of monsoon across the country. The Nifty of National Stock Exchange (NSE) too edged higher by 51.10 points to 11,847.55. Domestic investors are also hoping for positive news on the trade front in the backdrop of US Secretary of State Mike Pompeo holding talks with Prime Minister Narendra Modi in New Delhi, traders informed. The Sensex opened on a negative note in early trade but recovered early losses during the day and finally closed with over 0.40 per cent gains in late trade at 39.592.08 points. The Sensex swung wildly in the range of 39,674.22 and 39.319.64 points, respectively, during the day. Similarly, the Nifty touched day's high and low at 11,871.40 and 11,737.55 points, respectively. The broader markets outperformed the Sensex, as the BSE Mid-Cap index and Small-Cap climbed by 0.85 per cent and 0.47 pc, respectively. The market breadth was positive on BSE, as 1,443 shares gained while  1,049 declined and 167 were unchanged. Overseas, European stocks were trading lower while most Asian stocks ended in the red on Wednesday, after US Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. The Shanghai Composite Index edged down 0.15 per cent and Hong Kong's Hang Seng eased 0.1 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan declined 0.2 per cent. Tracking overnight losses on Wall Street, Australian stocks dipped 0.15 per cent, South Korea's KOSPI shed 0.1 per cent and Japan's Nikkei retreated 0.6 per cent. European shares fell for the fourth straight session on Wednesday. The pan-European STOXX-600 index fell 0.3 per cent.

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