ZCZC
BCN-14
INDIA-MARKETS-SENSEX
Sensex jumps over 150 pts on positive global cues
Mumbai, Oct 14, 2019 (BSS/PTI) – Equity benchmark BSE Sensex rose over 150
points on Monday led by gains in HDFC Bank, ITC and HUL, amid positive global
cues and foreign fund inflow.
After opening on a volatile note, the 30-share index swung over 200 points in
early trade. It was trading 105.79 points, or 0.28 per cent, higher at
38,232.87 at 0945 hours. Similarly, the broader NSE Nifty rose 34 points, or
0.32 per cent, to 11,340.80.
Top gainers in the Sensex pack in early session included Tata Motors,
Vedanta, Tata Steel, Sun Pharma, Bajaj Auto, IndusInd Bank, Bharti Airtel,
HUL and SBI, rising up to 4 per cent.
On the other hand, Infosys, PowerGrid, TechM, Kotak Bank and TCS fell up to 3
per cent.
In the previous session on Friday, the BSE barometer ended 246.68 points, or
0.65 per cent, higher at 38,127.08, and the Nifty rose 66.70 points, or 0.59
per cent, to 11,301.25.
Foreign institutional investors (FIIs) turned net buyers in the capital
market, infusing Rs 749.74 crore on Friday, while domestic institutional
investors sold shares worth Rs 703.02 crore, data available with stock
exchange showed.
Domestic equities followed global stocks that rallied after US President
Donald Trump announced that US had reached a “very substantial” Phase 1 trade
deal with China.
Bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading significantly
higher.
Market sentiment, however, remained volatile amid concerns over an economic
slowdown after the World Bank on Sunday said India’s growth rate is projected
to fall to 6 per cent after a broad-based deceleration in the initial
quarters of this fiscal year, traders said.
Markets are also reacting to to industrial output data released Friday
evening, they added.
Industrial output declined by 1.1 per cent in August due to poor performance
by manufacturing, power generation and mining sectors, official data showed.
Further, wholesale inflation data is scheduled to come on Monday, which may
also influence trading, according to analysts.
The rupee, meanwhile, appreciated 19 paise against its previous close to
trade at 70.83 in early session.
Brent futures, the global oil benchmark, fell 0.51 per cent to USD 60.20 per
barrel.
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