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INDIA-SENSEX-MARKET
Sensex jumps over 200 pts; Nifty reclaims 11,500 level
Mumbai, Mar 27, 2018 (BSS/PTI) – The benchmark BSE Sensex jumped over 200
points and the NSE Nifty reclaimed the 11,500 mark in early trade Wednesday
led by gains in banking stocks amid sustained foreign fund inflows and
positive global cues.
The 30-share index was trading 205.47 points, or 0.54 per cent, higher at
38,438.88. It had ended 424.50 points, or 1.12 per cent, higher in the
previous session.
The broader Nifty also rose 53.45 points, or 0.47 per cent, to 11,536.70 in
morning trade.
Top gainers include IndusInd Bank, SBI, Sun Pharma, Bharti Airtel, L&T,
Bajaj Finance, Axis Bank and Tata Motors, rising up to 3.62 per cent.
While, ONGC, NTPC, PowerGrid, Hero MotoCorp, Coal India, ICICI Bank and RIL
were among the top laggards, shedding up to 1.10 per cent.
Sector-wise, BSE Capital Goods index was the biggest gainer, rising 0.70
per cent, followed by BSE Bankex, finance, FMCG, healthcare and auto indices
gaining up to 0.54 per cent.
“Indian markets have been the recipient of robust foreign flows this entire
March on the back of increased likelihood of strong political stability and
policy continuity post elections and the softer stance adopted by global
central banks,” said Devang Mehta, Head Equity Advisory, Centrum Wealth
Management.
Foreign portfolio investors (FPIs) bought shares worth a net of Rs 999.02
crore Tuesday, while domestic institutional investors (DIIs) sold shares
worth Rs 196.70 crore, provisional data showed.
In the Asian region, Hong Kong’s Hang Seng was up 0.49 per cent, Korea’s
Kospi was trading marginally higher, Shanghai Composite Index gained 0.55 per
cent; while Japan’s Nikkei fell 0.61 per cent.
On Wall Street, the US Dow Jones Industrial Average ended 0.55 per cent
higher on Tuesday.
The rupee, meanwhile, depreciated 5 paise against its previous close to
68.91 against the US dollar in early session.
BSS/AFP/HR/1035