Sensex rises over 200 points ahead of F&O expiry, Yes Bank surges over 10% | business news | Hindustan Times
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Sensex rises over 200 points ahead of F&O expiry, Yes Bank surges over 10%

The benchmark BSE Sensex closed up 0.62% or 212.33 points at 34,713.60, while the broader Nifty ended 0.45% or 47.25 points higher at 10,617.80. Yes Bank shares rose over 10%.

business Updated: Apr 26, 2018 16:12 IST
The BSE Sensex had closed at 34,501.27 points on Wednesday.
The BSE Sensex had closed at 34,501.27 points on Wednesday.(Hemant Mishra/Mint)

The BSE Sensex rebounded by over 212 points on Thursday to end at a nearly three-month high of 34,713.60 on buying by domestic investors in FMCG, IT, banking and consumer durables stocks amid a strengthening rupee.

Covering up of pending short positions by speculators on expiry of the April derivatives contracts and encouraging earnings by Yes Bank added to the momentum, brokers said.

Yes Bank was the top performer in the Sensex pack, surging 8.26% on the BSE and 10.12% on the NSE, after the private lender reported a 29% rise in its net profit (standalone) at Rs 1179.40 crore for the March quarter.

| Read: Yes Bank Q4 profit rises 29%, recommends dividend of Rs 2.7 per share

The BSE 30-share Sensex took off on a positive note at 34,532.95 and advanced to the day’s high of 34,747.97 before ending at 34,713.60, up 212.33 points, or 0.62%.

This is its highest closing since February 5, when it had finished at 34,757.16.

The 50-issue NSE Nifty ended at 10,617.80, up 47.25 points, or 0.45%, after shuttling between 10,628.40 and 10,559.65.

Meanwhile, domestic institutional investors (DIIs) bought shares worth Rs 435.98 crore, while foreign portfolio investors sold to the tune of of Rs 304.79 crore on Wednesday, provisional data showed.

Globally, there was a mixed trend in Asia and a higher opening in Europe as robust corporate earnings helped Wall Street calm concerns over the surge in US bond yields.