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Sensex jumps 168 points at 34,250 in opening trade, Nifty rises 42 points to 10,519

Mumbai: The benchmark Sensex recovered about 168 points in early trade on Thursday on buying in realty, IT, capital goods and banking stocks after the RBI maintained status quo in its monetary policy review on Wednesday. The 30-share index rose by 167.73 points, or 0.49 percent, to 34,250.44 opening trade. All the sectoral indices led by realty, IT, healthcare and banking were trading in the green with gains of up to 1.86 percent.

The gauge had lost 2,200.54 points in the previous seven sessions. Also, the NSE Nifty rose 42.35 points or 0.40 percent to 10,519.05.

 Sensex jumps 168 points at 34,250 in opening trade, Nifty rises 42 points to 10,519

Reuters image.

Major gainers that supported the recovery were Infosys, HDFC LTD, Axis Bank, Maruti Suzuki, Yes Bank, Dr Reddy's, SBI, Hero Motocorp and M&M, gaining up to 2.08 per cent.

Brokers said buying by domestic institutional investors (DIIs) and a mixed trend at other Asian bourses improved the market sentiment.

DIIs had bought shares worth Rs 461.19 crore, while foreign funds sold shares to the tune of Rs 1,022.50 crore on Wednesday.

In the Asian region, Hong Kong's Hang Seng was up 0.48 per cent while Japan's Nikkei higher 0.26 per cent in early trade today. Shanghai Composite Index, however, shed 0.81 per cent.

The US Dow Jones Industrial Average ended marginally lower by 0.08 per cent on Wednesday.

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Updated Date: Feb 08, 2018 10:22:05 IST