ZCZC
BCN-16
INDIA-MARKET
Sensex rises over 150 pts, Nifty above 11,750
Mumbai, Apr 3, 2019 (BSS/PTI) – The BSE benchmark Sensex rose over 150
points in early trade led by gains in banking and auto stocks amid positive
cues from other Asian markets.
The BSE gauge Sensex was trading above the psychological 39,000-level in
early deals up 176.95 points, or 0.45 per cent, at 39,233.60. The 30-share
BSE index Tuesday settled at 39,056.65, 184.78 points or 0.48 per cent
higher, marking its highest ever closing.
Similarly, the NSE benchmark Nifty was trading 39.05 points, or 0.33 per
cent, higher at 11,752.25 in early session.
Top gainers on Sensex include Tata Motors, IndusInd Bank, HDFC twins,
PowerGrid, Kotak Bank, Tata Steel, Bharti Airtel, Yes Bank, M&M, Maruti,
Bajaj Finance, SBI and RIL, rising up to 2.05 per cent.
On the other hand, Infosys, HUL, Coal India, L&T and Sun Pharma were the
top losers, falling up to 0.68 per cent.
According to experts, inflow of foreign liquidity in expectation of rate
cut from the Reserve Bank of India (RBI) and revival in earnings will provide
some stability in the market.
Foreign institutional investors (FIIs) remained net buyers in the capital
markets, putting in Rs 543.36 crore Tuesday, while domestic institutional
investors (DIIs) sold equities to the tune of Rs 437.70 crore, provisional
data available with stock exchanges showed.
The Monetary Policy Committee (MPC) is holding a two-day meeting between
April 2 and April 4 for the first bi-monthly policy statement for 2019-20.
The RBI will unveil its first bi-monthly monetary policy decision of this new
fiscal on Thursday.
Meanwhile, the rupee appreciated by 9 paise to trade at 68.65 to the US
dollar in early trade on Wednesday.
Brent crude futures, the global oil benchmark, rose 0.52 per cent to trade
at USD 69.73 per barrel.
Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul
were trading positive.
BSS/AFP/HR/1100