Sensex jumps in early trade; Nifty tests 11,350


Domestic equities opened on a positive note tracking strong gains in global markets, traders said.

Domestic equity benchmark Sensex jumped over 250 points in early trade on Thursday led by gains in index majors Reliance Industries, ICICI Bank and SBI amid positive cues from global markets.

The 30-share BSE index was trading 269.92 points or 0.71% higher at 38,463.84; while the NSE Nifty rose 73.05 points or 0.65% to 11,351.05.

IndusInd Bank was the top gainer in the Sensex pack, surging around 3 per cent, followed by Bajaj Finserv, SBI, Reliance Industries, Bajaj Finance, Axis Bank and UltraTech Cement.

On the other hand, Bajaj Auto, Titan, Tech Mahindra and HUL were among the laggards.

In the previous session, Sensex ended 171.43 points or 0.45% lower at 38,193.92, while Nifty settled 39.35 points or 0.35% down at 11,278.

Exchange data showed that foreign institutional investors sold equities worth ₹ 959.09 crore on a net basis on Wednesday.

Domestic equities opened on a positive note tracking strong gains in global markets, traders said.

Stock exchanges on Wall Street rebounded and ended over 2 per cent higher in overnight trade.

Following suit, bourses in Shanghai, Hong Kong, Seoul and Tokyo were also trading with gains in mid-day deals.

Global oil benchmark Brent crude was trading 0.47 per cent lower at $40.60 per barrel.

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.

Briefing

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.