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IT, bank stocks lift Nifty past 12,200; Sensex jumps 200 points

In the 30-pack Sensex, Bharti Airtel was the biggest gainer, up 1.37 per cent at Rs 547.20.

ETMarkets.com|
Last Updated: Feb 14, 2020, 10.11 AM IST
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BSE-3---BCCL
YE Bank was one of the major gainers, continuing its rally from Thursday close and jumped further 6.18 per cent to Rs 39.50.
Domestic equity indices opened with gains on Friday as murmurs of provisions by governments to soften the impact on their economies from the coronavirus epidemic grew louder.

A 50 percent cut in the daily death toll in China due to the coronavirus outbreak and a sharp drop in new cases also helped the market sentiments.

BSE flagship Sensex was up 204 points at 41,664 while NSE benchmark Nifty added 61 points to 12,235. Broader market indices were faring inline with their headline peers as Nifty Smallcap was up 0.49 per cent at 6,205 while Nifty Midcap gained 0.46 per cent to 18,208. Nifty 500 was up 0.46 per cent at 10,063.

Barring Nifty Realty, all sectoral indices were trading with gains on NSE. Nifty IT was the biggest gainer, up 0.69 per cent to 16788. Nifty FMCG, Nifty Private Bank and Nifty Auto were among other gainers. Nifty Realty was down 0.02 per cent to 313.75.

In the 30-pack Sensex, Bharti Airtel was the biggest gainer, up 1.37 per cent at Rs 547.20. Asian Paints, HCL Tech, UltraTech Cement, and SBI were among other major gainers on the index.

IndusInd Bank was the only stock in the index that traded with a cut. It was down 0.23 per cent at Rs 1,227.

YE Bank was one of the major gainers, continuing its rally from Thursday close and jumped further 6.18 per cent to Rs 39.50.

Globally, Asian shares edged up, on course to post the second straight week of gains. MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.3 per cent, led by gains in Hong Kong and South Korea. On the week, the pan-regional index was up 1.94 per cent.

Japan's Nikkei dropped 0.55 per cent, not helped by the news of first coronavirus death and signs of a potential rise in domestic human-to-human infections in the country.

On Wall Street on Thursday, the S&P 500 lost 0.16 per cent but its futures gained 0.23 per cent in subsequent Asian trade to hit record levels.

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