Bouncy over US-China trade deal and govt’s movement forward on disinvestment sends the markets rocketing; Sensex jumps 530 points to close at a new historic high of 40,889 points.<\/p>\n\n\n\n
Equity benchmark Sensex surged nearly 530 points to scale a new closing peak of 40,889.23 on Monday, buoyed by renewed optimism over US-China trade deal and government’s divestment measures to curb fiscal deficit.<\/p>\n\n\n\n
Further, reconstruction of Sensex indices and hopes of rate cut by the Reserve Bank in the upcoming monetary policy meet also boosted investor sentiment.<\/p>\n\n\n\n
Starting on a positive note, the 30-share BSE index went on to touch its record intra-day high of 40,931.71, before finally settling 529.82 points, or 1.31 per cent, higher at 40,889.23 – its all-time closing peak. Likewise, the broader NSE Nifty closed with a gain of 159.35 points, or 1.34 per cent, at 12,073.75 – just shy of its life-time closing high. <\/p>\n\n\n\n
All sectoral indices closed with gains. Analysts are of the view that a trade pact between the US and China is likely by the end of December 2019 after positive statements made by both sides last week.<\/p>\n\n\n\n
Further, they said that sentiment got a boost from FIIs preferring emerging markets such as India as the recent easy monetary stance of US Fed and ECB has improved liquidity in world markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bouncy over US-China trade deal and govt’s movement forward on disinvestment sends the markets rocketing; Sensex jumps 530 points to close at a new historic high of 40,889 points. Equity benchmark Sensex surged nearly 530 points to scale a new closing peak of 40,889.23 on Monday, buoyed by renewed optimism over US-China trade deal and […]<\/p>\n","protected":false},"author":1,"featured_media":75218,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-75217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/75217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=75217"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/75217\/revisions"}],"predecessor-version":[{"id":75219,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/75217\/revisions\/75219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/75218"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=75217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=75217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=75217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}