ZCZC
BCN-21
INDIA-MARKETS-SENSEX
Sensex, Nifty open at record peaks ahead of F&O expiry
Mumbai, Nov 28, 2019 (BSS/PTI) -Domestic equities opened at their record
peaks as BSE Sensex jumped over 143 points to 41,164 in early trade on
Thursday tracking gains in index-heavyweights TCS, ICICI Bank and L&T ahead
of November derivatives expiry.
After hitting its life-time high, the 30-share index pared some gains to
trade 52.93 points, or 0.13 per cent, higher at 41,073.54 in morning session.
Similarly, the broader Nifty touched an all-time high of 12,138.30 before
slipping slightly to quote 11.30 points, or 0.09 per cent, up at 12,112.
TCS was the top gainer in the Sensex pack, rising up to 1 per cent,
followed by Tata Steel, ICICI Bank, L&T and SBI.
On the other hand, Tata Motors, HUL, ONGC, Vedanta and Hero MotoCorp were
trading in the red.
On Wednesday, the Sensex rose 199.31 points or 0.49 per cent to end at
41,020.61. The Nifty too gained 63 points or 0.52 per cent to settle
12,100.70.
Foreign institutional investors bought shares worth Rs 42.93 crore in the
capital market in the previous session, while domestic institutional
investors sold equities worth Rs 439.51 crore, data available with stock
exchange showed.
Sustained foreign fund inflow ahead of the expiry of November futures and
options (F&O) contracts on Thursday is contributing to the market rally,
traders said.
However, weak cues from other Asian markets capped the gains, they added.
Bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a weak note
after China said it was ready to take “firm countermeasures” against the
United States after President Donald Trump signed a law supporting pro-
democracy protesters in Hong Kong, putting a dampener on hopes of an early
trade truce over tariffs.
Stocks on Wall Street ended in the green on Wednesday.
On the currency front, the rupee depreciated marginally against the US
dollar to trade at 71.37 in early session.
Brent futures, the global oil benchmark, slipped 0.27 per cent to USD 62.84
per barrel.
BSS/PTI/HR/1420