Friday, 15 March 2019

Sensex rallies over 200 points; Kotak Mahindra, ICICI Bank stocks gain

Equity benchmark indices opened higher on positive cues from global markets. The stock market is set for their longest stretch of weekly gains in over six months.

On the sectoral front, banking, realty, IT, Financial services and pharma were trading higher by 1%, while FMCG, media, and metal were under pressure.

The Sensex rose 234 points to 37,990 levels, while the Nifty was up 66 points to 11,409. The market breadth was positive with 1,060 shares advancing, 464 shares declining, and 531 remaining unchanged on the NSE.

Shares of Coal India dropped 2% in the morning trade after the company’s board has approved the second interim dividend of Rs5.85/equity share for FY19.

Volatility index India VIX was down 0.04% at 15.14.

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