Markets edge higher, Sensex up 68 points; Nifty above 10,600
TIMESOFINDIA.COM | Updated: Nov 22, 2018, 09:40 ISTHighlights
- ONGC, Tata Consulatancy Services, Yes Bank, Wipro and HDFC were among the major gainers on the BSE index, rising as much as 1.35 per cent
- On NSE, sub-indices Nifty IT and Media were among the top performers, up as much as 1.27 per cent
(Representative image)NEW DELHI: Markets on Thursday edged higher in opening trade with the benchmark BSE Sensex up 68 points or 0.19 per cent to 35,268 and the broader NSE Nifty moved 19 points or 0.18 per cent up at 10,619.
ONGC, Tata Consulatancy Services, Yes Bank, Wipro and HDFC were among the major gainers on the BSE index, rising as much as 1.35 per cent. On NSE, sub-indices Nifty IT and Media were among the top performers, up as much as 1.27 per cent.
On Wednesday, Sensex had extended losses for the second session by declining over 250 points on heavy selling in IT, tech, metal and auto stocks amid weak global cues.
Besides, fresh foreign fund outflows further hurt trading sentiments.
However, crude oil, which fell to a year low in the global market on excess supply concerns, capped the fall in the indices.
Rising for the seventh straight day, the rupee strengthened by 35 paise to 71.11 against the US dollar in early trade on Thursday amid falling crude oil prices.
Meanwhile, Asian shares stepped ahead cautiously while oil rebounded from a steep sell-off, though rising US interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.
(With inputs from agencies)
ONGC, Tata Consulatancy Services, Yes Bank, Wipro and HDFC were among the major gainers on the BSE index, rising as much as 1.35 per cent. On NSE, sub-indices Nifty IT and Media were among the top performers, up as much as 1.27 per cent.
On Wednesday, Sensex had extended losses for the second session by declining over 250 points on heavy selling in IT, tech, metal and auto stocks amid weak global cues.
Besides, fresh foreign fund outflows further hurt trading sentiments.
However, crude oil, which fell to a year low in the global market on excess supply concerns, capped the fall in the indices.
Rising for the seventh straight day, the rupee strengthened by 35 paise to 71.11 against the US dollar in early trade on Thursday amid falling crude oil prices.
Meanwhile, Asian shares stepped ahead cautiously while oil rebounded from a steep sell-off, though rising US interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.
(With inputs from agencies)
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