Sensex jumps 488 points on positive global cues

New Delhi: The equity index surged on Thursday with BSE Sensex benchmarks up more than 450 points as realty, FMCG and stock automatically shining amid positive signals from the global market.
The 30-share BSE index jumped 488 points or 0.82 percent to close at 59,678; While the wider NSE settled 144 points or 0.82 percent higher at 17,790.
Titan is the top enhancer in the sensex package up 10.63 percent after the jewelry maker said it expects strong income growth in the second quarter.
M & M, Maruti, Bank Indusind and Cat Asia are other enhancers.
While Dr.
Reddy’s, HDFC, Nestle India, Bajaj Finserv and Hul are the main losers down to 1.31 percent.
On the NSE platform, the nifty realty sub-index, consumer endurance and automatic stock up 6.16 percent.
The IT index provides good support before profit starting on Friday.
“The global cue has increased – things in the country are looking to unlock and we can expect this momentum to apply until there is a fresh domestic trigger,” Narendra Solanki, Head of Equity Research (Fundamental) in Anand Rather Investment Services.
Most of the Asian markets rose, reflecting overnight gains on Wall Street after US politicians approached the agreement to prevent debt defaults, while Russia convinced Europe to gas supplies and oil prices withdrawn from the highest multi-year, soothing the calm global market.
Investors are now awaiting the results of the Reserve Bank policy meeting and for other company income seasons to start on Friday.
Meanwhile, Brent Crude’s international oil benchmark slipped 0.97 percent to $ 80.29 per barrel.
(With input from agency)