Sensex jumps nearly 100 pts, Nifty50 above 9,200; Coal India, RIL top gainers
NEW DELHI: Benchmark indices opened on a positive note on Monday, tracking mixed cues from Asian markets as geopolitical risks flared up after US Secretary of State Rex Tillerson said that the strikes in Syria were a warning to other nations, including North Korea. US on Sunday also said it has ordered an aircraft-carrier led navy strike group to head towards the western Pacific Ocean near the Korean Peninsula.
Domestic investors were had also started building up expectations on the forthcoming earnings season.
At 9.20 am, the BSE Sensex was trading higher by 34 points, or 0.0.11 per cent, at 29,740.07. The index had hit a high of 29,831.32 in early trade. The Nifty added 13.90 points, or 0.15 per cent, to 9,212.20.
Coal India gained 1.20 per cent to Rs 287.35. Reliance Industries, Cipla and Bajaj Auto rose up to 0.72 per cent. On the flipside, HDFC, Hindustan Unilever and GAIL fell up to 0.9 per cent.
Asian markets across Japan, China, Hong Hong and Korea were trading mixed in early morning trade.
Data suggested foreign portfolio investors pumped in a staggering $2.45 billion in capital markets in the last four trading sessions on the back of improved investor sentiments driven by passage of GST bills and growth in manufacturing sector. There are expectations that the fourth quarter results could throw up some positive surprises.
The revenue of the 50 large and frequently traded companies is likely to grow 8.9 per cent year-on-year in the January-March period, the highest in nine quarters, the ET reported.
Net profit is seen growing at 12.4 per cent, following on from the 16.8 per cent expansion in the preceding quarter. A seasonal pickup in the last quarter of the fiscal and the base effect of 2 per cent growth in revenue and profit in the year earlier are likely to result in a big bump.
Domestic investors were had also started building up expectations on the forthcoming earnings season.
At 9.20 am, the BSE Sensex was trading higher by 34 points, or 0.0.11 per cent, at 29,740.07. The index had hit a high of 29,831.32 in early trade. The Nifty added 13.90 points, or 0.15 per cent, to 9,212.20.
Coal India gained 1.20 per cent to Rs 287.35. Reliance Industries, Cipla and Bajaj Auto rose up to 0.72 per cent. On the flipside, HDFC, Hindustan Unilever and GAIL fell up to 0.9 per cent.
Asian markets across Japan, China, Hong Hong and Korea were trading mixed in early morning trade.
Data suggested foreign portfolio investors pumped in a staggering $2.45 billion in capital markets in the last four trading sessions on the back of improved investor sentiments driven by passage of GST bills and growth in manufacturing sector. There are expectations that the fourth quarter results could throw up some positive surprises.
The revenue of the 50 large and frequently traded companies is likely to grow 8.9 per cent year-on-year in the January-March period, the highest in nine quarters, the ET reported.
Net profit is seen growing at 12.4 per cent, following on from the 16.8 per cent expansion in the preceding quarter. A seasonal pickup in the last quarter of the fiscal and the base effect of 2 per cent growth in revenue and profit in the year earlier are likely to result in a big bump.
