Sensex starts 2020 on a higher note; Ingenious above 12,200
NEW DELHI: equity indexes started the New Year 2020 with a higher note with the benchmark BSE sensex increasing more than 150 points. The BSE index of 30 shares rose 155 points or 0.38 percent to 41,409; while the broadest NSE Nifty moved 43 points or 0.35 percent to 12,211.
The main winners in the sensex package include Reliance Industries, IndusInd Bank, L&t,bhartiairtel,powergrid,axisbankandtitan,withastockincreaseofupto0.79percent.
In NSE, all sub-indices were traded in green with Nifty Realty and PSU Bank up to 0.67 percent.
The feelings of investors had a boost after the government announced a significant boost for the infrastructure sector. Finance Minister Nirmala Sitharaman on Tuesday presented Rs 102 crore of infrastructure projects over the next five years to help achieve the $ 5 billion (around Rs 356 lakh crore) economy goal by 2025.
Global sentiments also became optimistic after US President Donald Trump mentioned when the first phase of the trade agreement between the United States and China would occur. Trump said that 'Phase 1' of the trade agreement with China would be signed on January 15 at the White House, although there is still considerable confusion about the details of the agreement.
The shares signed 2019 on a remarkable note, the market capitalization (m-cap) of the companies listed on EEB increased by Rs 11.05,363.35 million rupees to Rs 1,55,53,829.04 rupees.
The year 2019 was definitely memorable for the markets, as a series of crucial events took place both on the global and internal front. The global growth outlook became positive led by the moderate position of the US Fed. UU. And relieving commercial tensions between the US. UU. And China, Ajit Mishra, vice president of research at Religare Broking, said.
On an annual basis, sensex rose 5,185 points or 14.37 percent.
Tuesday's BSE index ended the last trading session of 2019 by lowering 304 points or 0.73 percent to 41,254.
(With PTI tickets)