Indian benchmark indices surge on Thursday, Sensex closes above 19000 levels - LuvKush Finserve

Key Indian benchmark indices surged on Thursday with the Sensex closing above 19,000 levels while the Nifty scaled upto 5,783 but fell short of 5,800 in day's spectacular trading session. Investor's risk-appetite was firm after prices of global commodities such as brent crude and gold slipped further, that will help bride the burgeoning current account deficit (CAD).

Exports in March stood at $30.8 billion compared to $28.8 billion in the same month of previous year. Reflecting the positive bias, the Sensex gained 285.30 points to end at 19,016.46 while the Nifty rose 94.40 points at 5,783.10.

The key sectoral indices such as consumer durables, autos, banks, capital goods, PSU gained while IT sector declined on the BSE.

The gainers on the Sensex were Bharti Airtel rising 4.6%, Larsen & Toubro and BHEL gained 3.7% and 1.5% respectively, HDFC, SBI and ICICI Bank rose between 2.2-3.3% while Tata Motors surged 4% on the BSE.

The laggards were Wipro and TCS dropping 1.6% and 0.7% respectively while Sun Pharma declined 0.04% and Dr Reddy's fell 0.02%. The key notable movers were Wipro which dropped by 1.6% ahead of its January-March quarter (Q4) earnings. The broader markets gained with mid-caps and small-caps adding 0.6-0.7% on BSE.

Source : Equity Bulls

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