Markets

Sensex jumps over 100 points in opening session; Nifty tops 10,800

Bull statue at the entrance of the Bombay Stock Exchange (BSE)

Bull statue at the entrance of the Bombay Stock Exchange (BSE)   | Photo Credit: REUTERS

Equity benchmark Sensex advanced over 100 points in early trade on Wednesday led by gains in HDFC twins, Reliance Industries and ITC amid sustained foreign fund inflow.

The 30-share index was trading 101.08 points, or 0.28%, higher at 36,775.60. The NSE Nifty was up 34.60 points, or 0.32%, at 10,834.25.

IndusInd Bank was the top gainer in the Sensex pack, rallying around 4%, followed by SBI, Tata Steel, Bajaj Auto, ITC, HDFC duo and Reliance Industries. On the other hand, Infosys, HCL Tech, UltraTech Cement, Maruti and Axis Bank were among the laggards.

In the previous session, the BSE barometer ended 187.24 points or 0.51% higher at 36,674.52; while the NSE Nifty settled with 36 points or 0.33% gains at 10,799.65.

Foreign institutional investors were net buyers in the capital market on Tuesday, purchasing equities worth ₹829.90 crore, provisional exchange data showed. According to traders, stock-specific gains and sustained foreign fund inflow buoyed domestic investor sentiment. However, weakness in global equities amid rising number of COVID-19 cases capped the gains, they said.

Bourses in Shanghai and Hong Kong were trading with gains, while those in Tokyo and Seoul were in the red. Stock exchanges on Wall Street ended on a negative note in overnight session. Meanwhile, international oil benchmark Brent crude futures fell 0.16% to $43.01 per barrel.

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Printable version | Aug 11, 2020 3:02:03 PM | https://www.thehindu.com/business/markets/sensex-jumps-over-100-points-in-opening-session-nifty-tops-10800/article32018975.ece

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