Sensex, Nifty Clock Best Weekly Gain In Over Two Years

Closing Bell: Sensex Surges 580 Points, Nifty Settles Above 10,550
Indian equity benchmarks rebounded strongly along with rupee after crude fell for the fifth day in a row amid strong global cues.

The S&P BSE Sensex rose 1.7 percent or 580 points to 35,012 and the NSE Nifty 50 Index climbed 1.66 percent or 173 points to 10,553.

The benchmarks clocked their best weekly rally in two years after stocks extended gains globally as the boost to sentiment came after Bloomberg News reported U.S. President Donald Trump is interested in reaching an agreement on trade with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina this month and has asked key officials to begin drafting potential terms.

For the week Sensex surged 4.98 percent and the Nifty 50 Index rose 5.2 percent.

In today’s trade, sixteen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Auto Index’s 4 percent surge. On the flipside, S&P BSE IT Index was a top loser, down 1.3 percent.

Nifty 50 Top Gainers And Losers

Nov. 2

Bharat Petroleum

6.67%

Maruti Suzuki

6.31%

Vedanta

6.16%

Tata Motors

6.05%

IndusInd Bank

5.32%

Tech Mahindra

-4.13%

Wipro

-3.41%

Dr. Reddy's Labs

-1.56%

Bajaj Finance

-1.44%

Cipla