Mumbai, July 15: Benchmark indices Sensex and Nifty recovered on Wednesday following buying in bank stocks and softer-than-expected US inflation data, reinforcing expectations that the Federal Reserve may adopt a less aggressive monetary policy stance in the coming months.
The 30-share BSE Sensex climbed 130.49 points, or 0.17 per cent, to settle at 77,185.43. During the day, it jumped 591.33 points, or 0.76 per cent, to 77,646.27. The 50-share NSE Nifty went up 26.45 points, or 0.11 per cent, to end at 24,078.50.
Escalating hostilities between the US and Iran, however, kept investors’ sentiment subdued in the second half of the trade.
From the Sensex pack, Eternal, UltraTech Cement, State Bank of India, Bajaj Finance, InterGlobe Aviation, and Asian Paints were among the major winners. Power Grid, Larsen & Toubro, Tata Steel, and Infosys were among the laggards.
In Asian markets, South Korea’s Kospi jumped 6.24 per cent. Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index also ended higher, while Shanghai’s SSE Composite index settled lower. (PTI)
