Markets

Sensex jumps over 150 points in opening trade; Nifty tops 9,100

An employee of a stock broking firm looking at a screen in Mumbai.

An employee of a stock broking firm looking at a screen in Mumbai.   | Photo Credit: Vivek Bendre

According to traders, market was trading higher tacking gains in select index heavyweights.

Equity benchmark Sensex rose over 150 points in opening session on Thursday as investors accumulated index heavyweights HDFC twins, Kotak Bank and Reliance Industries amid mixed cues from global markets.

After rising to 30,989.03, the 30-share index was trading at 157.82 points or 0.51% higher at 30,976.43.

Similarly, NSE Nifty rose 38.45 points, or 0.42%, to 9,105.

Bajaj Auto was the top gainer in the Sensex pack, rallying around 6%, followed by Hero MotoCorp, Kotak Bank, HDFC Bank, Asian Paints and Maruti.

On the other hand, NTPC, ONGC, ITC and Tech Mahindra were among the laggards.

In the previous session, the BSE barometer climbed 622.44 points or 2.06% to settle at 30,818.61, while the broader Nifty rose 187.45 points, or 2.11%, to 9,066.55.

Foreign portfolio investors offloaded equities worth ₹1,466.52 crore in the capital market on Wednesday, provisional exchange data showed.

According to traders, market was trading higher tacking gains in select index heavyweights.

However, concerns over the long-term impact of COVID-19 and worsening China-U.S. relations kept investors on edge.

The number of COVID-19 cases in India spiked over 1.12 lakh, while the death toll rose to 3,435, according to the health ministry.

Globally, the number of cases linked to the disease has crossed 49.96 lakh and the death toll has topped 3.28 lakh.

Bourses in Shanghai and Seoul were trading on a positive note, while Tokyo and Hong Kong were in the red.

Stock exchanges on Wall Street ended with strong gains in overnight session.

International oil benchmark Brent crude futures were trading 0.92% higher at USD 36.08 per barrel.

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Printable version | May 26, 2020 8:15:26 AM | https://www.thehindu.com/business/markets/sensex-jumps-over-150-points-in-opening-trade-nifty-tops-9100/article31638270.ece

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