ZCZC
BCN-07
INDIA-MARKET-SENSEX
Sensex rises over 150 points, Nifty hits 10,900-mark
Mumbai, Dec 31, 2018 (BSS/PTI) – Continuing its winning streak for a
fourth straight session Monday, the BSE benchmark Sensex surged over 150
points as investors maintained their bullish stance in early trade on
positive cues from other Asian bourses.
Strengthening rupee also supported the upward move in the domestic stock
market, dealers said.
The domestic unit gained paise 19 to 69.76 against the US dollar in morning
trade.
The 30-share index rose 160.03 points, or 0.44 per cent, to trade at
36,236.75.
In similar movement, the NSE Nifty breached the 10,900 mark, and was
trading 50.20 points, or 0.46 per cent, higher at 10,910.10.
On Friday, the Sensex had rallied 269.44 points or 0.75 per cent to finish
at 36,076.72, while the broader NSE Nifty spurted 80.10 points, or 0.74 per
cent, to 10,859.90.
Banking, Pharma, and IT stocks were the biggest gainers on bourses in early
session. Brent crude, the international benchmark, was trading 0.94 per cent
up at USD 53.71 per barrel.
Top gainers include Axis Bank, M&M, Tata Motors, Sun Pharma, HCL Tech,
Maruti, HUL, TCS, Bharti Airtel and SBI. While NTPC, HDFC, ICICI Bank, Kotak
Bank, Power Grid and ONGC were among the top losers.
On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs
119.60 crore Friday, while domestic institutional investors (DIIs) were net
buyers to the tune of Rs 1,199.40 crore, provisional data available with BSE
showed.
Elsewhere in Asia, Japan’s Nikkei fell 0.31 per cent, Hong Kong’s Hang Seng
was up 1.4 per cent, Kospi gained 0.62 per cent and Shanghai Composite Index
rose 0.44 per cent in early trade.
On Wall Street, the Dow Jones Industrial Average index fell 76.42 points,
or 0.33 per cent, to 23,062.40 in its previous session.
BSS/PTI/HR/1040