Live
- Minister Ponguleti visits Basara temple
- Ashutosh Gowariker to lead International Jury at IFFI 2024
- The global challenges of greener aviation
- Shreyas Media secures exclusive advertising rights for ‘MahaKumbh Mela 2025’
- Experience the journey of art
- Seven iconic ghats undergo makeover for Mahakumbh
- Smog engulfs capital with ‘severe’ air quality
- Slur against HDK wrong, Zameer will be corrected: K’taka Cong
- Himalayan Echoes Literature Festival returns to Nainital with a focus on art, environment, and culture
- Taking Off: Solo travelling as a minor
Sensex rises over 100 points on sustained DII buying
Extending gains for the third session, the BSE benchmark Sensex on Thursday rose over 100 points tracking sustained buying by domestic institutional investors and positive global cues
The 30-share index was trading 72.16 points, or 0.20 per cent, higher at 36,393.45 in early trade.
Mumbai: Extending gains for the third session, the BSE benchmark Sensex on Thursday rose over 100 points tracking sustained buying by domestic institutional investors and positive global cues.
After rising 147 points, the 30-share index was trading 72.16 points, or 0.20 per cent, higher at 36,393.45 in early trade. Similarly, the NSE Nifty rose 24.50 points, or 0.22 per cent, to 10,914.80.
On Wednesday, the Sensex settled 2.96 points, or 0.01 per cent, higher at 36,321.29, and the Nifty inched up 3.50 points, or 0.03 per cent, to 10,890.30.
In morning session on Thursday, the biggest gainers in the Sensex pack were M&M, TCS, HDFC, PowerGrid, RIL, Maruti, Tata Motors and NTPC, rising up to 1.65 per cent. While, Yes Bank, IndusInd Bank, ITC, HUL, Bharti Airtel and Infosys were the top losers, shedding up to 1.10 per cent.
According to Viral Berawala, CIO, Essel Mutual Fund, there would be stock-specific movement in next few days based on results, as global market participants would wait for the interim budget before allocating fresh flows to India. Index heavyweights RIL and HUL are scheduled to release their quarterly earnings later in the day.
Despite some volatility, the market demonstrated strength this week as recognition of upcoming stimulus – fiscal and monetary – likely lies ahead, said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.
"The bond markets have taken the news in stride, buoyed by the below expectations inflation data," he added.
On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 90.10 crore on Wednesday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 304.27 crore, provisional data available with BSE showed.
The rupee, meanwhile, was trading marginally higher against the US dollar at 71.22.
The benchmark Brent crude futures fell 0.47 per cent to USD 61.03 per barrel.
Elsewhere in Asia, Hong Kong's Hang Seng was up 0.36 per cent, Shanghai Composite Index was trading 0.46 per cent higher and Kospi rose 0.20 per cent in early trade; while Japan's Nikkei shed 0.08 per cent.
On Wall Street, Dow Jones Industrial Average ended 0.59 per cent higher at 24,207.16 points on Wednesday.
