Markets

Sensex jumps over 200 points in opening trade; Nifty tests 11,300

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

Equity benchmark Sensex jumped over 200 points in early trade on Tuesday led by gains in index-heavyweights TCS, Infosys and HDFC twins amid positive cues from global markets.

The 30-share index was trading 211.15 points or 0.56% higher at 38,192.78, and the NSE Nifty jumped 62.90 points or 0.56% to 11,290.45.

TCS was the top gainer in the Sensex pack, rising around 3%, followed by Asian Paints, Titan, UltraTech Cement, the HDFC duo, Tata Steel and Infosys.

On the other hand, IndusInd Bank, ONGC, ICICI Bank and Axis Bank were among the laggards.

In the previous session, Sensex settled 592.97 points or 1.59% higher at 37,981.63, while the NSE Nifty surged 177.30 points or 1.60% to 11,227.55.

Exchange data showed that foreign institutional investors sold equities worth Rs 26.98 crore on a net basis on Monday.

According to traders, domestic equities opened on a positive note following largely positive cues in global markets.

Bourses in Shanghai and Seoul were trading with gains in mid-day deals, while Shanghai and Tokyo were in the red.

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

Meanwhile, international oil benchmark Brent crude was trading 0.44% lower at USD 42.68 per barrel.

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Printable version | Oct 27, 2020 11:51:57 AM | https://www.thehindu.com/business/markets/sensex-jumps-over-200-points-in-opening-trade-nifty-tests-11300/article32721551.ece

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