Sensex advances on earnings optimism, surges 156 pts

Press Trust of India  |  Mumbai 

The benchmark gained over 156 points in early trade today as investors widened their positions ahead of quarterly earnings from some bluechip companies amid positive Asian cues.

Moreover, continuous buying by domestic financial institutions also supported trading sentiment.


The 30-share index gathered 156.24 points, or 0.48 per cent, to 32,662.96 with all the sectoral indices led by & gas, realty, PSU and metal trading higher.

The gauge had rallied 116.76 points in the previous session.

The index too climbed 34.25 points, or 0.33 per cent, to trade above the 10,200-mark at 10,219.10.

Brokers said fresh spell of buying by investors ahead of quarterly earnings from and a few other bluechip companies later in the day and a firming trend at other Asian bourses buoyed trading sentiment here.

Majog gainers were ONGC, NTPC, Tata Steel, Hindustan Unilever, Axis Bank, Asian Paint, Bank, Coal India, SBI, Maruti Suzuki, and Power Grid, rising up to 2.42 per cent.

Domestic institutional investors (DIIs) bought shares worth Rs 307.84 crore in yesterday's trade, as per provisional data issued by the stock exchanges.

Among other Asian markets, Hong Kong's Hang Seng was up 0.12 per cent and Japan's Nikkei gained 0.17 per cent, while Shanghai Composite Index gained 0.09 per cent in early trade today.

The US Dow Jones Industrial Average, however, shed 0.23 per cent in yesterday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 24 2017. 10:02 IST