Sensex rises 247 points on positive global cues

Infosys was the top gainer in the Sensex pack, rallying 4.19 per cent, ahead of its quarterly earnings.

Vedanta, Tata Motors, ONGC, Tata Steel, HUL, HCL Tech, Tech Mahindra and Bharti Airtel too rose up to 3.96 per cent.

Illustration: Dominic Xavier/Rediff.com

Equity benchmark BSE Sensex jumped 247 points on Friday amid positive cues from global markets enthused by hopes of a trade truce between the US and China.

After swinging 608 points in a volatile session, the 30-share Sensex ended 246.68 points, or 0.65 per cent, higher at 38,127.08.

It hit an intra-day high of 38,345.41 and a low of 37,737.85.

The broader NSE Nifty too rose 70.50 points, or 0.63 per cent, to close at 11,305.05.

Infosys was the top gainer in the Sensex pack, rallying 4.19 per cent, ahead of its quarterly earnings.

Vedanta, Tata Motors, ONGC, Tata Steel, HUL, HCL Tech, Tech Mahindra and Bharti Airtel too rose up to 3.96 per cent.

On the other hand, Yes Bank, M&M, RIL, TCS, Hero MotoCorp, IndusInd Bank and NTPC declined up to 3.30 per cent.

Market rallied tracking gains in global markets after US President Donald Trump offered an positive assessment of US-China trade talks, traders said.

"We just completed a negotiation with China. We're doing very well.

“We're having another one tomorrow. I'm meeting with the Vice Premier over at the White House," Trump told reporters at the White House on Thursday.