Sensex jumps over 200 points, Nifty above 11,750; banking, metal, oil and gas, telecom and auto stocks gain

The 30-share index was trading 239.11 points or 0.61 percent higher at 39,144.95, and the NSE Nifty was trading 63.35 points, or 0.54 percent, up at 11,753.70 in early session

Press Trust of India April 16, 2019 10:30:27 IST
Sensex jumps over 200 points, Nifty above 11,750; banking, metal, oil and gas, telecom and auto stocks gain
  • In the previous session, BSE index settled 138.73 points, higher at 38,905.84, while the broader Nifty rose 46.90 points

  • Foreign institutional investors (FIIs) purchased equity worth Rs 713.22 crore on Monday

  • Top gainers in early trade include ICICI Bank, Vedanta, Coal India, M&M, Asian Paints, Hero MotoCorp, Maruti and IndusInd Bank

Mumbai: The BSE benchmark Sensex jumped over 200 points in early trade Tuesday led by gains in banking, metal, oil and gas, telecom and auto stocks, amid unabated foreign fund inflows and positive global cues.

The 30-share index was trading 239.11 points or 0.61 percent higher at 39,144.95, and the NSE Nifty was trading 63.35 points, or 0.54 percent, up at 11,753.70 in early session.

In the previous session, the BSE index settled 138.73 points, or 0.36 percent, higher at 38,905.84, while the broader Nifty rose 46.90 points, or 0.40 percent, to close at 11,690.35.

According to Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas, Q4FY19 earnings season will remain crucial for further upside in the market.

Sensex jumps over 200 points Nifty above 11750 banking metal oil and gas telecom and auto stocks gain

Representational image. Reuters

"The rally in the market has been mainly due to aggressive buying by the FIIs; and for valuations to sustain, there needs to be an uptick in earnings growth this quarter," he said.

Foreign institutional investors (FIIs) purchased equity worth Rs 713.22 crore on Monday, and domestic institutional investors (DIIs) bought equities to the tune of Rs 581.36 crore, provisional data available with stock exchanges showed.

Top gainers in early trade include ICICI Bank, Vedanta, Coal India, M&M, Asian Paints, Hero MotoCorp, Maruti, IndusInd Bank, Sun Pharma, RIL and HCL Tech, rising up to 2.67 percent.

On the other hand, Bharti Airtel, Infosys, Tata Motors, Tata Steel and HUL were the only losers in the Sensex pack, shedding up to 0.65 percent.

Meanwhile, the rupee depreciated marginally to 69.49 against the US dollar in early trade.

Brent crude futures, the global oil benchmark, was 0.25 percent lower at $71 per barrel.

Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were positive in early trade.

Updated Date:

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