Sensex rebounds 200 points as July F&O series opens strong, Nifty reclaims 10,600-mark; bank, auto stocks up

Mumbai: Reversing a two-session slide, the benchmark BSE Sensex rose over 200 points and the Nifty reclaimed the 10,600-mark in early trade today on fresh buying by investors as the July derivatives contracts started on a strong note amid recovery in the rupee.

The 30-share Sensex bounced back by 200.13 points, or 0.57 percent, at 35,237.77.

All the sectoral indices, led by metal, oil and gas and consumer durables, were in the positive zone, rising by up to 2.03 percent.

The NSE Nifty went up by 63.15 points, or 0.60 percent, to 10,652.25.

Brokers said building up of bets following the beginning of the July futures and options (F&O) series coupled with a firming trend at other Asian markets and overnight gains at Wall Street influenced trading sentiment here.

Stock brokers. Representational image. Reuters.

Stock brokers. Representational image. Reuters.

Besides, the rupee recovering from its record low and easing crude oil prices supported the recovery, they added.

Prominent gainers included Tata Steel, SBI, ONGC, Vedanta, RIL, L&T, Sun Pharma, ICICI Bank, Tata Motors, Coal India, Bajaj Auto and Yes Bank, rising up to 2.43 percent.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 442.64 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 951.51 crore yesterday, as per provisional data.

In Asia, Hong Kong's Hang Seng was up 1.08 percent, Japan's Nikkei rose 0.03 percent while Shanghai Composite Index advanced 1.20 percent cent in early trade today. The US Dow Jones Industrial Average ended 0.41 percent higher yesterday


Updated Date: Jun 29, 2018 10:36 AM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See