Brexit deal, divestment plans boost Sensex, Nifty

Brexit deal, divestment plans boost Sensex, Nifty

Equity market witnessed sixth consecutive session of gains with benchmark indices Sensex and Nifty-50 gaining over 0.6 per cent on positive global and domestic cues after Brexit deal and the Central government planning more PSU divestments to bridge the fiscal deficit gap.

Sensex gained 246.32 points or 0.63 per cent closing at 39,298.38 while the broader Nifty-50 gained 75.50 points or 0.65 per cent to close at 11,661.85.

The broader market indices outperformed with BSE Mid Cap index gaining 1.78 per cent while BSE Small Cap index gained 1.65 per cent.

Market breadth was positive on the BSE/NSE with 1588 scrips gaining and 939 scrips losing on the BSE while 180 scrips closed unchanged.

Sectorally, all sectoral indices were gainers led by BSE Power Index (2.63 per cent), Capital Goods (2.05 per cent), Realty (1.96 per cent), Metal (1.83 per cent) and Consumer Durables (1.32 per cent).

Buying by foreign portfolio investors seemed to slow down, FPIs were net buyers of equities worth `36.56 crore only on Friday while the domestic institutions were net buyers by `586.88 crore.