Markets

Sensex jumps over 200 pts; Nifty reclaims 12,200

A view of the BSE building in Mumbai. File

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

Domestic investors turned positive following recovery in other Asian markets after a day of massive selloff after the outbreak of a new deadly virus in China.

Market benchmark Sensex jumped over 200 points on Wednesday tracking gains in index heavyweights HDFC twins, Infosys and Reliance Industries as global stocks recovered from the previous day’s losses.

The 30-share BSE index was trading 204.30 points or 0.49% higher at 41,528.11.

Similarly, the broader NSE was trading 46.70 points, or 0.38%, up at 12,216.55.

Infosys was the top gainer in the Sensex pack, rising up to 1.46%, followed by Bharti Airtel, SBI, Sun Pharma, TCS, Bajaj Finance, HCL Tech, RIL and HDFC duo.

On the other hand, ONGC, NTPC, PowerGrid, Asian Paints and Hero MotoCorp fell up to 2.61%.

According to traders, domestic investors turned positive following recovery in other Asian markets after a day of massive selloff after the outbreak of a new deadly virus in China.

Bourses in Hong Kong, Tokyo and Seoul were trading on a positive note in their early sessions, while Shanghai was still in the red.

Brent crude oil futures slipped 0.36% to $64.36 per barrel.

Meanwhile, the rupee appreciated marginally to 71.18 against the US dollar in morning session.

In the previous session, Sensex settled 205.10 points, or 0.49%, lower at 41,323.81; while the Nifty settled 54.70 points, or 0.45%, lower at 12,169.85.

Meanwhile, on a net basis, foreign institutional investors sold equities worth ₹50.08 crore, while domestic institutional investors offloaded shares worth ₹307.81 crore on Tuesday, data available with stock exchanges showed.

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Printable version | Feb 20, 2020 6:53:20 AM | https://www.thehindu.com/business/markets/sensex-jumps-over-200-pts-nifty-reclaims-12200/article30621828.ece

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