Sensex jumps over 200 points, Nifty nears 11,100 in early trade on positive global cues; RIL, ICICI Bank among top gainers

In the previous session on Friday, the 30-share Sensex settled 38.80 points, or 0.10 percent, higher at 37,350.33, while the NSE Nifty gained 18.40 points, or 0.17 percent, to close at 11,047.80.

Press Trust of India August 19, 2019 10:50:26 IST
Sensex jumps over 200 points, Nifty nears 11,100 in early trade on positive global cues; RIL, ICICI Bank among top gainers
  • Yes Bank, PowerGrid, ONGC, SBI, Tata Steel and Vedanta fell up to 2.27 percent

  • Domestic investor sentiment was upbeat on expectations of measures from the government to boost growth

  • In the previous session on Friday, the 30-share Sensex settled 38.80 points, or 0.10%, higher at 37,350.33

Mumbai: Domestic equity benchmark BSE Sensex rose over 200 points in early trade on Monday tracking gains in index heavyweights RIL, ICICI Bank and Infosys amid positive global cues.

The 30-share index pared some opening gains to trade 129.01 points or 0.35 percent higher at 37,479.34 at 0945 hours; and the broader Nifty too rose 37.45 points or 0.34 percent to 11,085.25 in morning trade.

In the previous session on Friday, the 30-share Sensex settled 38.80 points, or 0.10 percent, higher at 37,350.33, while the NSE Nifty gained 18.40 points, or 0.17 percent, to close at 11,047.80.

Sensex jumps over 200 points Nifty nears 11100 in early trade on positive global cues RIL ICICI Bank among top gainers

Representational image. Reuters.

Top gainers in the Sensex pack included Sun Pharma, TechM, NTPC, L&T, HCL Tech, Kotak Bank, ICICI Bank, TCS, Infosys, Bharti Airtel, ITC and RIL, rising up to 3 percent.

While, Yes Bank, PowerGrid, ONGC, SBI, Tata Steel and Vedanta fell up to 2.27 percent.

Elsewhere in Asia, Hang Seng, Shanghai Composite Index, Nikkei and Kospi were trading significantly higher in their respective late morning sessions, on rising hopes of stimulus by global central banks to counter economic slowdown.

According to traders, besides positive cues from other Asian markets, domestic investor sentiment was upbeat on expectations of measures from the government to boost growth and revive consumer sentiment.

Meanwhile, foreign portfolio investors sold shares worth a net of Rs 1,339.27 crore on Friday, while domestic institutional investors purchased shares worth Rs 1,058.28 crore, provisional data showed.

On the currency front, the rupee appreciated 8 paise versus the dollar against its previous close to trade at 71.06 in early session.

Brent crude futures, the global oil benchmark, rose 1.09 percent to trade at 59.28 per barrel.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

IPL 2020: Former South Africa cricketer JP Duminy to join Star Sports' commentary panel ahead of new season
First Cricket News

IPL 2020: Former South Africa cricketer JP Duminy to join Star Sports' commentary panel ahead of new season

Making his debut on the world feed will be former South Africa all-rounder JP Duminy, who will be joined by a host of experts that include the likes of Harsha Bhogle, Mark Nicholas, Simon Doull and Ian Bishop.

Hindu Munnani founder Ramagopalan passes away of COVID-19 in Chennai; veteran RSS pracharak was 94
India

Hindu Munnani founder Ramagopalan passes away of COVID-19 in Chennai; veteran RSS pracharak was 94

He was instrumental in taking public the celebration of Ganesh Chaturthi in the state. Back then, nearly four decades ago, it was an indoor affair

Six months after India's coronavirus lockdown, time has both slowed down and sped up
long reads

Six months after India's coronavirus lockdown, time has both slowed down and sped up

Six months since India’s coronavirus lockdown was declared, how are people marking the passage of time?