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Share Market highlights: Sensex ends 264 points up, Nifty above 11,000 on FM’s fresh reforms buzz

The Financial Express logo The Financial Express 30-08-2019
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India’s headline stock indices Sensex and Nifty moved higher on Friday afternoon on buzz around FM announcing more reforms to boost the economy.

The BSE Sensex closed 264 points up at 37,332.79, while the Nifty closed above the 11,000-mark.

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The finance minister is likely to announce further consolidation of PSU banks in a bid to realise synergies and make these institutions financially stronger. The FM is also likely to announce various measures to provide a fillip amid the ongoing slowdown.

The stock market investors will keenly await the government’s official estimate of GDP growth for Q1 FY20, scheduled to be released later today.

Meanwhile, Asian shares soared to a one-week high on Friday, amid positive developments around the US-China trade war. Notably, China has expressed willingness to resolve trade dispute by returning to the negotiating table, but fears of an impending recession put a check on gains.

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