Markets

Sensex jumps 250 points; HCL Tech up 3 %

A view of the BSE building in Mumbai. File

A view of the BSE building in Mumbai. File   | Photo Credit: Paul Noronha

TechM, Tata Motors, L&T, Vedanta, Yes Bank, ITC, Bajaj Auto, HDFC twins and Kotak Bank rose too up to 2 %.

Equity benchmark BSE Sensex jumped over 250 points in early trade on Thursday tracking gains in index heavyweights HDFC twins and L&T amid mixed global cues.

After hitting a high of 39,327.15, the 30-share index was trading 143.09 points, or 0.37 %, higher at 39,201.92 in morning trade, and the broader NSE Nifty advanced 30.10 points, or 0.26 %, to 11,634.20.

HCL Tech was the biggest gainer in the Sensex pack, rising over 3 per cent, after the IT major on Wednesday posted a 6.9 per cent rise in its consolidated net profit to Rs 2,711 crore for the September 2019 quarter, and raised its revenue growth forecast to 15-17 per cent for 2019-20 on the back of strong deal pipeline.

TechM, Tata Motors, L&T, Vedanta, Yes Bank, ITC, Bajaj Auto, HDFC twins and Kotak Bank rose too up to 2 %.

On the other hand, Bharti Airtel, Infosys, ONGC, PowerGrid, Bajaj Finance and Hero MotoCorp fell up to 2 %.

In the previous session on Wednesday, the 30-share Sensex ended 94.99 points, or 0.24 %, higher at 39,058.83 and the Nifty advanced 15.75 points, or 0.14 per cent, to settle at 11,604.10.

Foreign institutional investors (FIIs) were net sellers in the capital market, offloading ₹ 213.23 crore on Wednesday, while domestic institutional investors sold shares worth ₹ 137.38 crore, data available with stock exchange showed.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a mixed note.

On Wall Street, stock exchanges finished in the green on Wednesday.

The rupee, meanwhile, appreciated 7 paise against the US dollar to trade at 70.84 in early session.

Brent futures, the global oil benchmark, slipped 0.56 per cent to $60.83 per barrel.

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Printable version | Jun 7, 2020 8:20:38 AM | https://www.thehindu.com/business/markets/sensex-jumps-250-points-hcl-tech-up-3/article29783374.ece

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