ZCZC
BCN-22
INDIA-MARKET-SENSEX
Sensex jumps 250 pts; Nifty tests 10,950
Mumbai, Jan 21, 2019 (BSS/PTI) – Rising for the straight fifth session, the
benchmark Sensex rallied 250 points after opening on a cautious note Monday,
on continued buying in select bluechips by domestic investors amid a positive
cues from other Asian bourses.
The 30-share BSE index jumped 228.12 points, or 0.63 per cent, to 36,614.73
in early trade. The NSE Nifty, too, rose 53.10 points, or 0.49 per cent, to
10,960.05.
Sectoral indices led by healthcare, IT, auto, FMCG, power and oil & gas
advanced up to 0.57 per cent.
Brokers said, besides sustained buying by domestic investors on encouraging
Q3 earnings from bluechip companies, a firming trend at other Asian markets
on easing of US-China trade tensions, dovish commentary form the Federal
Reserve and efforts in China to support the slowing economy, influenced
trading sentiments here.
Meanwhile, domestic institutional investors (DIIs) sold shares worth a net of
Rs 124.91 crore, while foreign institutional investors (FIIs) offloaded
shares to the tune of Rs 97 crore on Friday, as per provisional data.
Major gainers included Sun Pharma, RIL, Infosys, Bajaj Finance, Bharti
Airtel, Tata Motors, Yes Bank, TCS, HUL, Tata Steel, NTPC, ICICI Bank, HCL
Tech, Asian Paint, Vedanta, ITC, M&M, Maruti Suzuki and HDFC Bank, rising up
to 3.02 per cent.
Among the Asian bourses, Hong Kong’s Hang Seng was up 0.19 per cent, Japan’s
Nikkei rose 0.45 per cent, Taiwan gained 0.74 per cent and Shanghai Composite
Index was up 0.68 per cent in late morning trade Monday.
The US Dow Jones Industrial Average ended 1.38 per cent higher Friday.
BSS/PTI/HR/1140