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Home / Business News / Sensex closes over 280 points higher on first trading day of FY19, auto stocks rally

Sensex closes over 280 points higher on first trading day of FY19, auto stocks rally

At close, the BSE Sensex was at 33,255.36, 286.68 points or 0.87% higher, while the broader NSE Nifty 50 closed above the 10,200 mark, up 98.10 points or 0.97%.

business Updated: Apr 02, 2018, 16:18 IST
Press Trust of India, Mumbai
The 30-share BSE Sensex  had lost 205.71 points in the last session of FY18 on Wednesday.
The 30-share BSE Sensex had lost 205.71 points in the last session of FY18 on Wednesday.(Dhiraj Singh/Bloomberg)

Domestic equity markets started the new fiscal on a positive note on Monday, with the flagship BSE Sensex rising about 287 points to end above the key 33,000-level. Index heavyweights such as RIL, Tata Motors and Maruti led the rally.

Similarly, the broader NSE Nifty too also managed to close above the 10,200-mark.

At close, the BSE Sensex was at 33,255.36, 286.68 points or 0.87% higher, while the broader NSE Nifty 50 closed above the 10,200 mark, up 98.10 points or 0.97%.

The bourses reopenedon Monday after a long weekend following holidays for Mahavir Jayanti and Good Friday on last Thursday and Friday, respectively.

A positive start in the April derivative series boosted investor sentiments as they indulged in creating fresh positions, brokers said. Sentiments also got a boost after several auto makers posted better-than-expected sales data for March month, they said.

However, other Asian markets turned weak after initial firmness due to profit-taking in late trade and any absence of cues form European markets that were closed for Easter.

The BSE Sensex, after a gap-up, opening to regain the 33,000-mark advanced to hit a high of 33,289.34 before terminating at 33,255.36, showing a hefty gain of 286.68 points, or 0.87%. The gauge had lost 205.71 points on the last session of FY18 on Wednesday.

The NSE 50-share Nifty also spurted by 98.10 points, or 0.97%, to end at 10,211.80 after moving in a range of 10,220.10 and 10,127.75.

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