Sensex rises over 150 points at 36,506, Nifty reclaims 11,000-mark as October F&O series opens strong
The 30-share Sensex, which lost 327.89 points in the previous two sessions, recovered by 181.95 points, or 0.50 percent, to 36,506.12
Mumbai: The Sensex advanced over 150 points and Nifty reclaimed the 11,000 mark in early session Friday as the October derivatives series took off on a strong footing amid positive global cues.
The 30-share Sensex, which lost 327.89 points in the previous two sessions, recovered by 181.95 points, or 0.50 percent, to 36,506.12.
Sectoral indices of BSE led by oil and gas, FMCG, banking, consumer durables, infrastructure and capital goods were in the positive territory, rising by up to 0.95 percent.
The NSE Nifty too gained 26 points, or 0.24 percent, to 11,003.55.
Brokers said investors created new positions following the beginning of the October futures and options (F&O) series leading to the recovery in the market.
Moreover, data showing fresh buying by foreign institutional investors on the Indian bourses on Thursday buoyed sentiment.
Major gainers were IndusInd Bank, Asian Paints, ITC, HDFC, Axis Bank, Adani Ports, HDFC Bank, ICICI Bank, ONGC, Tata Motors, RIL and Kotak Bank, gaining up to 1.66 percent.
However, Yes Bank emerged the worst performer in the Sensex kitty, plunging 7.82 percent. Also, Bharti Airtel, M&M, Hero MotoCorp, Tata Steel and Vedanta shed up to 3.36 percent.
A firming trend elsewhere in Asia led by Japan, tracking healthy lead from Wall Street after the upbeat US economic data, accelerated buying activity at the domestic bourses here, they added.
Japan's Nikkei moved 1.70 percent higher, while Hong Kong's Hang Seng gained 0.59 percent in early trade. China's Shanghai Composite Index too rose 0.93 percent.
The US market ended 0.21 percent higher Thursday.
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At the closing bell, the Sensex was trading 174.29 points higher at 52,474.76, while the Nifty 50 closed at 15,799.35 after increasing 61.60 points