Sensex rebounds over 100 points, Nifty nears 10,700-mark on strong buying by institutional investors

Sensex was trading 124.21 points or 0.35% at 35,622.65.

Press Trust of India February 19, 2019 10:04:46 IST
Sensex rebounds over 100 points, Nifty nears 10,700-mark on strong buying by institutional investors
  • Sensex was trading 124.21 points or 0.35% at 35,622.65

  • NSE Nifty rose 38.90 points or 0.37% to 10,679.85

  • DIIs were net buyers to the tune of Rs 2,336.74 crore

Mumbai: The BSE benchmark Sensex recovered over 100 points on Tuesday, led by strong buying by domestic institutional investors amid positive global cues.

The 30-share index was trading 124.21 points, or 0.35 percent, at 35,622.65. Similarly, the 50-share NSE Nifty rose 38.90 points, or 0.37 percent, to 10,679.85.

Top gainers in the Sensex pack include Bharti Airtel, Bajaj Finance, M&M, PowerGrid, ICICI Bank, ONGC, L&T, Bajaj Auto, Vedanta, Tata Steel, Axis Bank and Yes Bank, rising up to 1.45 percent. On the other hand, HUL, Tata Motors, Infosys, HDFC, TCS and IndusInd Bank were the losers, falling up to 0.76 percent.

Investor sentiment was positive on strong buying by domestic institutional investors (DIIs), said traders.

Sensex rebounds over 100 points Nifty nears 10700mark on strong buying by institutional investors

Stock brokers. Representational image. Getty

On a net basis, DIIs were net buyers to the tune of Rs 2,336.74 crore, while foreign institutional investors sold shares worth a net of Rs 1,239.79 crore on Monday, provisional data available with BSE showed.

A firm trend in global equities on hopes of a resolution to the US-China trade conflict, as the next round of talks begin later in the day, too pushed domestic indices in the positive terrain, traders added.

Hong Kong's Hang Seng was up 0.03 percent, Shanghai Composite Index rose 0.25 percent higher, Kospi inched 0.01 percent higher, and Japan's Nikkei gained 0.07 percent in early trade.

On Wall Street, Dow Jones Industrial Average was closed on Monday for a public holiday.

The benchmark Brent crude futures slipped 0.57 percent to $66.12 per barrel.

Meanwhile, the domestic currency derivatives markets are closed on account of Chhatrapati Shivaji Jayanti.

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

Allahabad High Court grants bail to journalist Prashant Kanojia two months after arrest
India

Allahabad High Court grants bail to journalist Prashant Kanojia two months after arrest

Kanojia was arrested on 18 August for allegedly sharing an objectionable post on Twitter related to Ram Temple and saying that he did it on the directive of Hindu Sena chief Sushil Tiwari, who denied the allegation

Aryananda Babu emerges as winner of Sa Re Ga Ma Pa Li'l Champs 2020
Entertainment

Aryananda Babu emerges as winner of Sa Re Ga Ma Pa Li'l Champs 2020

The Sa Re Ga Ma Pa Li'l Champs finale was judged by Himesh Reshammiya, Javed Ali and Alka Yagnik.

Hathras rape case: Victim's family to appear before Allahabad High Court on Monday amid tight security
India

Hathras rape case: Victim's family to appear before Allahabad High Court on Monday amid tight security

The Hathras district judge has been appointed as the nodal officer to coordinate the appearance of the victim's family member before the high court, said SP Vineet Jaiswal