Sensex rises over 100 pts\, Nifty above 11\,850

Sensex rises over 100 pts, Nifty above 11,850

Press Trust of India  |  Mumbai 

Domestic equity benchmark rose over 100 points in early trade Thursday tracking positive cues from global markets ahead of the summit.

The 30-share index was trading 88.07 points, or 0.22 per cent, higher at 39,680.15 at 0930 hours. Similarly, the broader NSE Nifty was quoting 25.20 points, or 0.21 per cent, up at 11,872.75.

In the previous session Wednesday, the BSE gauge finished 157.14 points, or 0.40 per cent, higher at 39,592.08, and the broader NSE Nifty jumped 51.10 points, or 0.43 per cent, to 11,847.55.

Top gainers in the Sensex pack included Tata Motors, IndusInd Bank, ONGC, Axis Bank, M&M, L&T, NTPC, and HUL, rising up to 1.43 per cent.

While, TechM, Sun Pharma, HCL Tech, PowerGrid, Bajaj Auto, RIL, and fell up to 1.14 per cent.

According to experts, equities are rallying globally as investors hope for progress in US-trade talks at the summit scheduled to be held in Osaka, Japan, on June 28-29.

Elsewhere in Asian, Shanghai Composite Index, Hang Seng, Nikkei and were trading significantly higher in their respective early sessions.

Meanwhile, on a net basis, foreign institutional investors bought equities worth Rs 106.26 crore, while domestic institutional investors sold shares to the tune of Rs 51.47 crore, provisional data available with showed Wednesday.

On the currency front, the Indian rupee depreciated 15 paise to 69.30 against the US dollar.

The global Brent crude futures fell 0.35 per cent to 65.46 per barrel.

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

First Published: Thu, June 27 2019. 09:55 IST