Sensex starts on a firm note, gains over 200 points, Nifty breaches 10,500; auto stocks in driver's seat
Continued buying by domestic institutional investors (DIIs) and strengthening rupee boosted market mood, brokers said.
Mumbai: The benchmark BSE Sensex rose over 200 points today on sustained buying in key frontline counters led by metal, auto, capital goods and banking stocks.
Sentiments bolstered in all Asian markets following positive cues from Wall Street. Also, continued buying by domestic institutional investors (DIIs) and strengthening rupee boosted market mood, brokers said.
The BSE Sensex rose 233.39 points, or 0.68 percent, to 34,375.50. All sectoral indices were trading higher, led by metals, auto, capital goods and banking stocks that gained up to 1.34 percent.
The gauge had gained 322.65 points in the previous session on Friday.
The broader Nifty 50 index was also trading above the key 10,500-level at 10,529.10, a gain of 38.05 points, or 0.36 percent. Major gainers were Tata Motors, Adani Ports, Bajaj Auto and Maruti, rising up to 2.26 per cent.
On a net basis, DIIs bought equities to the tune of Rs 1,514.03 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 486.32 crore on Friday, provisional data showed.
Among Asian markets, Japan's Nikkei was trading higher by 0.82 percent. Hong Kong's Hang Seng up 0.54 percent and Shanghai Composite 0.31 percent higher.
The US Dow Jones Industrial Average ended 1.39 percent higher on Friday's trade.
PowerGrid, NTPC, ITC were among the top gainers in the Sensex pack, while Bajaj Finserv, HDFC, Asian Paints and Dr Reddy’s were among the laggards
Sensex drops over 300 points in early trade, Nifty slips below 15,700; Asian Paints gains, Tech Mahindra disappoints
Sensex Nifty today: The 30-share BSE index was trading 302.80 points or 0.58 percent lower at 52,199.18 in initial deals and the broader NSE Nifty declined 93.70 points or 0.59 percent to 15,673.85.
PowerGrid was the top gainer in the Sensex pack, rising around 2 percent, followed by Reliance Industries, ONGC, HCL Tech, Sun Pharma, Infosys and HDFC twins