Equity benchmark Sensex surged over 200 points in early trade on Thursday, led by strong buying in HDFC Bank, ICICI Bank, TCS and Reliance Industries amid persistent foreign fund inflow.

After hitting a high of 34,310.14, the 30-share index was trading 124.02 points or 0.36% higher at 34,233.56. Similarly, NSE Nifty rose 41.65 points or 0.41% to 10,103.20.

Tech Mahindra was the top gainer in the Sensex pack, rising around 3%, followed by Sun Pharma, TCS, PowerGrid, HDFC Bank, HCL Tech and ICICI Bank.

On the other hand, Titan, M&M, ONGC and HDFC were among the laggards.

In the previous session, the BSE barometer settled at 34,109.54, up 284.01 points or 0.84%, while the broader Nifty rose 82.45 points or 0.83% to end at 10,061.55.

On a net basis, foreign portfolio investors bought equities worth ₹1,851.12 crore in the capital market on Wednesday, provisional exchange data showed. Besides stock-specific action, sustained foreign fund inflow led to the positive sentiment in the market, traders said.

However, benchmarks may succumb to profit-booking and turn jittery amid weak cues from Asian peers, they added.

Bourses in Shanghai, Hong Kong and Tokyo were in the red amid concerns over rising US-China tension, while those in Seoul were trading with gains.

Exchanges on Wall Street ended on a positive note in overnight trade. International oil benchmark Brent crude futures fell 1.51% to $39.19 per barrel.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Not convinced? Know why you should pay for news.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link


Please enter your comment!
Please enter your name here