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Indian Markets: Sensex Jumps Almost 200 Points In Early Trade, Nifty Nears 11,400-Mark

On Monday, Sensex Had Closed 87 Points Higher At 38,214, While The Nifty Had Moved Up 36 Points To 11,341.

News Nation Bureau | Edited By : Pawas Kumar | Updated on: 15 Oct 2019, 10:26:08 AM
Sensex and Nifty were trading in green in early trade on Tuesday

New Delhi:

Indian Markets Live Update: BSE Sensex rose over 100 points on Tuesday in early trade led by gains in index heavyweights HDFC twins, HUL, TCS and RIL, amid sustained foreign fund inflow. The 30-share index was trading 101.53 points, or 0.27 per cent, higher at 38,316 at 0930 hours. Similarly, the broader NSE Nifty rose 25.75 points, or 0.23 per cent, to 11,366.90. In the previous session on Monday, the BSE barometer had closed 87.39 points, or 0.23 per cent, higher at 38,214.47, while the Nifty had moved up 36.10 points, or 0.32 per cent, to 11,341.15. 

Sensex and Nifty maintained their early trend and moved further up in the early trade. Sensex was trading up more than 200 points at 38,432 at 1015 hours. Similarly, the broader NSE Nifty rose to touch 11,388 in morning session.

HUL was the biggest gainer in the Sensex pack, rising over 1 per cent, after the FMCG major reported a 21.18 per cent rise in standalone net profit at Rs 1,848 crore for the quarter ended on September 30. Other gainers included Sun Pharma, TCS, HCL Tech, ONGC, Hero MotoCorp, Axis Bank, Asian Paints, HDFC duo, ITC and RIL, gaining up to 1 per cent. While, Infosys, Vedanta, Tata Motors, Bharti Airtel, Tata Steel and IndusInd Bank fell up to 2 per cent. 

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a cautious note as Britain and the European Union on Monday began key talks to determine if they are still on course to reach amicable terms for Brexit. Exchanges on Wall Street ended in the red on Monday. The rupee, meanwhile, depreciated 6 paise against its previous close to trade at 71.30 in early session. Brent futures, the global oil benchmark, fell 0.78 per cent to USD 58.89 per barrel.

Foreign institutional investors (FIIs) continued to be net buyers in the capital market, infusing Rs 895.63 on Monday, while domestic institutional investors sold shares worth Rs 425.15 crore, data available with stock exchange showed. 

Retail inflation climbed to a 14-month high of 3.99 per cent in September due to costlier vegetables and pulses but still remained within the RBI's comfort zone, government data showed on Monday. The Consumer Price Index-based inflation stood at 3.28 per cent in August and 3.70 per cent in the September 2018. The previous high was 4.17 per cent in July 2018. However, the wholesale inflation in September slipped to an over three-year low of 0.33 per cent.

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First Published : 15 Oct 2019, 10:16:56 AM