Sensex rallies over 300 points, Nifty reclaims 10,800-level on global cues, foreign fund inflow; HDFC, Reliance among top gainers

The market has seen good recovery since Nifty hit the month's low on state election result day. Global cues provided good resistance, an analyst said.

Press Trust of India December 28, 2018 10:05:31 IST
Sensex rallies over 300 points, Nifty reclaims 10,800-level on global cues, foreign fund inflow; HDFC, Reliance among top gainers

Mumbai: The BSE benchmark Sensex Friday rallied over 300 points and NSE Nifty reclaimed the 10,800 mark on firm global cues, heavy foreign fund inflow and strengthening rupee.

Extending gains for the third session, the 30-share index was trading 306.16 points, or 0.86 percent, higher at 36,113.44.

The index had ended 157.34 points, or 0.44 percent, higher at 35,807.28 in the previous session Thursday.

The broader Nifty too jumped 86.75 points, or 0.80 percent, to 10,866.55 .

The gains on Dalal Street were led by pharma, auto, realty and financial stocks.

Top gainers include HDFC duo, Reliance Industries, ICICI Bank, L&T, ITC, HUL, SBI, TCS and Sun Pharma, rising up to 2 percent.

On the other hand, Coal India, NTPC and Hero MotoCorp were the top losers, falling up to 1 percent.

According to Rahul Mishra, AVP (Derivatives), Emkay Global Financial Services, markets have been very volatile through the month; state election, global cues and crude oil price movement have kept the market busy.

Sensex rallies over 300 points Nifty reclaims 10800level on global cues foreign fund inflow HDFC Reliance among top gainers

Representational image. Reuters.

However, market has seen good recovery since Nifty hit the month's low on state election result day. Global cues provided good resistance, he said.

The rupee, meanwhile, strengthened against the US dollar, up 30 paise at 70.05 a dollar from its previous close.

Brent crude, the international benchmark, was up 1.63 percent at $ 53.59 per barrel. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 1,731.91 crore Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 663.00 crore, provisional data available with BSE showed.

Elsewhere in Asia, Japan's Nikkei fell 0.47 percent, Hong Kong's Hang Seng was up 0.12 percent, Kospi gained 0.66 percent and Shanghai Composite Index rose 0.15 percent in early trade.

On Wall Street, the Dow Jones Industrial Average index rose 260.37 points, or 1.14 percent, to 23,138.82 in its previous session Thursday.

Updated Date:

also read

Market Roundup: Sensex falls by 372 points, Nifty ends at 17,764; check top winners and losers here
Business

Market Roundup: Sensex falls by 372 points, Nifty ends at 17,764; check top winners and losers here

The domestic market indices BSE Sensex and NSE Nifty 50 ended in red on Thursday, 18 November. While Sensex fell by 372.32 points to 59,636.01, Nifty declined to 17,764.80, with a loss 133.85 points.

Market Roundup: Sensex slips by 314 points, Nifty ends at 17,898; today's top winners and losers
Business

Market Roundup: Sensex slips by 314 points, Nifty ends at 17,898; today's top winners and losers

The top gainers of BSE Sensex were Maruti, Asian Paints, Power Grid, NTPC and ITC. The top losers were Axis Bank. Reliance, Kotak Bank, Bharti Airtel and Titan

Market Roundup : Sensex falls by 396 points, Nifty ends at 17,999; check top winners and losers here
Business

Market Roundup : Sensex falls by 396 points, Nifty ends at 17,999; check top winners and losers here

The top gainers were Maruti, Mahindra & Mahindra, Tech Mahindra, L&T, Bajaj Finance. The top losers were Reliance, SBI, UltraTech Cement, NTPC and IndusInd Bank