Sensex jumps over 200 points in early trade; Nifty tops 10,500

Photo for representational purposes only

Photo for representational purposes only   | Photo Credit: Vivek Bendre

Asian Paints was the top gainer in the Sensex pack rallying around 4%

Equity benchmark Sensex advanced over 200 points in early trade on Wednesday tracking gains in index-heavyweights Reliance Industries and ITC amid sustained foreign fund inflows.

After touching a high of 35,679.74, the 30-share index was trading 220.35 points, or 0.62%, up at 35,650.78. Similarly, NSE Nifty rose 56.45 points, or 0.54%, to 10,527.45.

Asian Paints was the top gainer in the Sensex pack, rallying around 4%, followed by ITC, Bajaj Auto, Bajaj Finance, NTPC and Titan. On the other hand, HCL Tech, IndusInd Bank, PowerGrid and Infosys were among the laggards.

In the previous session, the BSE barometer rallied 519.11 points, or 1.49%, to close at 35,430.43; while the NSE Nifty soared 159.80 points, or 1.55%, to end at 10,471.

On a net basis, foreign institutional investors bought equities worth ₹168.96 crore in the capital market on Tuesday, provisional exchange data showed. According to analysts, news of disengagement between India and China has relieved participants, after days of heated arguments. Further, positive sentiment in global markets and unabated foreign fund inflows also supported domestic equities, they said.

On the global front, bourses in Shanghai and Seoul were trading with gains in early deals, while those in Hong Kong and Tokyo were in the red. Stock exchanges on Wall Street ended on a positive note in overnight session. International oil benchmark Brent crude futures fell 0.52% to $42.41 per barrel.

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Printable version | Jul 11, 2020 5:24:16 PM |

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