Sensex soars 336 pts; reclaims 39k-mark
   Date :27-Apr-2019

THE BSE Sensex rallied 336 points to reclaim the 39,000-level on Friday, capping off a volatile week where investors grappled with flaring oil prices and sudden sell-offs at higher levels.Trading received a boost today after global oil prices slipped below the USD 75 per barrel mark and blue-chips posted encouraging results.
 
A strengthening rupee and unabated foreign fund inflows also bolstered the sentiment, traders said.
The 30-share BSE Sensex, which opened on a firm footing, was propelled by a burst of buying in late-afternoon trade. It finally closed at 39,067.33, up 336.47 points, or 0.87 per cent.On similar lines, the NSE Nifty climbed 112.85 points, or 0.97 per cent, to 11,754.65.It was a highly volatile week for the benchmarks, with the Sensex logging a gain/loss of more than 300 points for four out of five sessions.
 
During the week, Sensex dropped 72 points, or 0.18 per cent; while the Nifty gained just 1.85 points, or 0.01 per cent.
Tata Steel was the biggest gainer in the Sensex pack today, spurting 6.67 per cent after the company posted a rise in consolidated income for the March quarter.
 
Axis Bank gained 2.61 per cent as it reported a net profit of Rs 1,505 crore for the March quarter, driven by a significant decline in provisioning and higher interest income. ICICI Bank, TCS, SBI, RIL, Infosys, HDFC twins, Kotak Bank, HUL, NTPC, IndusInd Bank, Sun Pharma, HCL Tech, Bajaj Finance L&T and ITC were the other gainers, rising up to 3.05 per cent.
 
On the other hand, Tata Motors, Bajaj Auto, Maruti, Bharti Airtel, Coal India, M&M and Vedanta fell up to 2.84 per cent.Hero MotoCorp and Yes Bank ended up to 0.51 per cent lower ahead of their quarterly earnings.
 
Sectorally, BSE metal, bankex, oil and gas, IT, energy and teck indices ended in the green, rising up to 1.92 per cent.
BSE auto, consumer durables and telecom finished with losses of up to 1.06 per cent.
Meanwhile, the broader indices underperformed the benchmarks, with the BSE Midcap and Smallcap shedding up to 0.44 per cent. Brent crude futures, the global oil benchmark, slipped 1.28 per cent to USD 73.41 per barrel.
 
Meanwhile, foreign institutional investors (FIIs) purchased equity worth Rs 3,785.73 crore on Thursday, while domestic institutional investors (DIIs) sold shares to the tune of Rs 4,069.98 crore, provisional data available with the stock exchanges showed. Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul ended on a negative note. European equities were also weak in early trade.A