News Nation Logo


Sensex, Nifty wipe off early losses on value-buying

PTI | Updated on: 08 Oct 2018, 12:25:35 PM
Sensex, Nifty wipe off early losses on value-buying


Wiping off early losses, benchmark indices rebounded to trade in the positive zone in late morning trade on Monday as banking, oil and gas, auto, healthcare and FMCG shares witnessed fresh spells of buying and short-covering by investors.

The BSE Sensex was trading higher by 118.92 points, or 0.35 per cent, at 34,495.91 at 1125 hours. The gauge had touched a low of 34,031.98 points in early trade.

In the previous three sessions the gauge had plunged by 2,149.15 points.

Read More | Sabarimala Temple Verdict: National Ayyappa Devotee association files review petition in Supreme Court

The broader Nifty also reclaimed the 10,300-mark by recovering 40.25 points, or 0.39 per cent, to 10,356.70.

Domestic institutional investors (DIIs) bought shares worth Rs 1,902.07 crore on Friday, provisional data showed.               

Yes Bank emerged top Sensex gainer by rising 4.63 per cent, followed by RIL gaining 4.08 per cent.

Other gainers include, Hero MotoCorp, Coal India, SBI, Asian Paints, Kotak Bank, ONGC, ICICI Bank, Bajaj Auto, Maruti Suzuki, Tata Motors, ITC, Infosys, Sun Pharma and Adani Ports, rising up to 3.31 per cent.

In the auto space, Bajaj Auto, Tata Motors and M&M, too, were in keen demand largely on the back of encouraging sales data for September and gained up to 1.51 per cent.

Also Read | Fuel prices rise again; petrol up at Rs 82.03 per litre, diesel at Rs 73.82 in Delhi

The BSE oil and gas index gained the most by surging 2.86 per cent, while PSU index rose 1.20 per cent.

Bankex, infrastructure, auto, FMCG, healthcare, capital goods, too, were trading in the positive terrain, rising up to 0.87 per cent.

Meanwhile, foreign investors pulled out over Rs 9,300 crore (USD 1.3 billion) from the Indian capital market in the last four trading sessions.

Elsewhere in Asia, Hong Kong’s Hang Seng was down 51.30 points, and Singapore benchmark SGX shed 21.80 points. Chinese markets which opened after a long holiday were also down, with Shanghai Composite Index and Taiwan trading lower.

For all the Latest Business News, Download News Nation Android and iOS Mobile Apps.

First Published : 08 Oct 2018, 10:34:59 AM