Sensex ends higher at 39,784.52 on positive global cues

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Mumbai, Jun 10 (UNI) The benchmark index of Bombay Stock Exchange (BSE) rallied for second consecutive session on Monday by 168.62 points to end firm at 39,784.52 tracking on positive cues from global peers.

The Nifty of National Stock Exchange (NSE) too edged up by 52.05 points to 11,922.70. The Sensex, which had closed in green at 39,615.90 points on Friday, extended gains by 172 points to 39,787.33 in early trade and then swung in a wider range of 39,979.48 and 39,619.97 points, before closing positive at 39,784.52, advancing by 168.62 points compared with its previous close. The Nifty registered day’s high and low at 11,975.05 and 11,871.75 points, respectively.

The gains in sectoral indices like Technology, FMCG, IT, Realty and Captial Goods supported the market sentiment for another session today, along with scrips of TCS, Infosys, Bharti Airtel, Axis Bank and Health Care.

While, the sell-off in Yes Bank, Tata Motors, Coal India and ONGC capped its further gains, brokers informed. The broader markets ended mixed, as the BSE Mid-Cap index rose 0.11 per cent while the Small-Cap fell 0.49 pc.

The market breadth was weaker on BSE, as 983 shares increased while 1,624 fell and 176 were unchanged. Elsewhere in the world, European and Asian stocks edged higher after the United States and Mexico reached a deal to avoid implementation of tariffs.

President Donald Trump announced on Friday the signing of an agreement between the two countries to avoid tariffs that were due to come into effect on Monday. Mr Trump said that Mexico in return has agreed to take strong measures to stop illegal migrants coming through the US southern border. Last week, Mr Trump had threatened to impose fiver per cent tariffs on all Mexican imports if that country did not do more to stop illegal immigration.

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