Sensex rises over 100 points in early trade, Nifty above 11,900-mark; IndusInd, Hero Motocorp, TechM among top gainers

  • Market benchmark BSE Sensex rose over 100 points in early trade on Friday led by gains in Infosys, HDFC twins and ITC amid positive global cues and sustained foreign fund inflow

  • The 30-share index was trading 136.83 points, or 0.34 percent, higher at 40,265.88

  • The broader NSE Nifty advanced 33.90 points, or 0.29 percent, to 11,911.35

Mumbai: Market benchmark BSE Sensex rose over 100 points in early trade on Friday led by gains in Infosys, HDFC twins and ITC amid positive global cues and sustained foreign fund inflow.

The 30-share index was trading 136.83 points, or 0.34 percent, higher at 40,265.88, and the broader NSE Nifty advanced 33.90 points, or 0.29 percent, to 11,911.35.

Top gainers in the Sensex pack included IndusInd Bank, Hero Motocorp Tech Mahindra, Tata Steel, ITC and Infosys, rising up to 2.68 percent.

On the other hand, Bharti Airtel, Tata Motors, Yes Bank, TCS, RIL and SBI fell up to 1.98 percent.

In the previous session, the 30-share Sensex settled at 40,129.05, up by 77.18 points, or 0.19 percent. The broader NSE Nifty too advanced 33.35 points, or 0.28 percent, to close at 11,877.45.

 Sensex rises over 100 points in early trade, Nifty above 11,900-mark; IndusInd, Hero Motocorp, TechM among top gainers

Stock brokers. Representational image. Reuters.

Foreign institutional investors purchased a Rs 1,870.87 crore in the capital market, on Thursday, while domestic institutional investors sold shares worth Rs 650.73 crore, data available with the stock exchange showed.

Despite the positive stock-specific rise in index heavyweights, gains on benchmark indices were capped as investor sentiment was hit by weak macroeconomic data released after market hours on Thursday, traders said.

The output of eight core infrastructure industries contracted by 5.2 percent in September, the lowest in the decade, indicating the severity of economic slowdown.

The eight-core sectors had expanded by 4.3 percent in September 2018, according to official data.

Globally, bourses in Shanghai, Hong Kong and Seoul were trading higher on optimism over the US-China trade deal, while those in Tokyo were in the red.

On Wall Street, stock exchanges finished on a mixed note on Thursday after the US House of Representative voted to approve the process to impeach President Donald Trump, the third time in the history of the modern presidency.

The rupee, meanwhile, depreciated 4 paise against the US dollar to trade at 70.96 in early session.

Brent futures, the global oil benchmark, rose 0.07 percent to $59.66 per barrel.

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Updated Date: Nov 01, 2019 11:32:54 IST