Markets

Sensex rises over 125 points in early trade, Nifty tops 15,800

The Bombay Stock Exchange.   | Photo Credit: Vivek Bendre

Equity benchmark Sensex surged over 125 points in early trade on July 30, tracking gains in index majors Tech Mahindra, TCS and HDFC twins.

In a very volatile start at the markets, both the indices – Sensex and Nifty — were oscillating frequently between the green and red.

The 30-share index was trading 125.81 points or 0.24% higher at 52,778.88 in initial deals, while the broader NSE Nifty advanced 38.55 points or 0.24% to 15,817.00.

Tech Mahindra was the top gainer in the Sensex pack, rising over 8%, followed by HCL Tech, Power Grid, HDFC, Dr. Reddy and M&M.

Tech Mahindra on July 29 reported a 42.91% growth in June quarter consolidated net profit at ₹1,365.7 crore on higher revenue and an expansion in profit margins.

Besides, TCS and HDFC Bank gained up to 0.45% in early deals.

On the other hand, Bajaj Finserv, SBI, Bharti Airtel and Asian Paints were among the laggards.

In the previous session, Sensex climbed 209.36 points or 0.40% to close at 52,653.07, while the broader NSE Nifty surged 69.05 points or 0.44% to 15,778.45.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth ₹866.26 crore on July 29, as per provisional exchange data.

Elsewhere in Asia, bourses in Shanghai, Seoul, Tokyo and Hong Kong were in the red.

Equities on Wall Street too ended on a positive note in overnight sessions.

Meanwhile, international oil benchmark Brent crude declined 0.68% to $75.53 per barrel.


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Printable version | Sep 19, 2021 2:30:51 AM | https://www.thehindu.com/business/markets/sensex-rises-over-125-points-in-early-trade-nifty-tops-15800/article35620357.ece

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