Markets

Sensex rises over 200 points; Nifty above 12,200

A view of the BSE building in Mumbai.

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

Asian Paints rose up to 1.33 per cent, followed by HDFC, HCL Tech, UltraTech Cement, Bharti Airtel and L&T in opening trade

Market benchmark Sensex jumped over 200 points in opening session on Friday driven by gains in HDFC twins, ICICI Bank and Infosys amid strong foreign fund inflow.

The 30-share BSE index was trading 233.20 points or 0.56 per cent higher at 41,692.99, and the broader NSE advanced 59.85 points, or 0.49 per cent, to 12,234.50.

All Sensex components were trading on a positive note with Asian Paints rising up to 1.33 per cent, followed by HDFC, HCL Tech, UltraTech Cement, Bharti Airtel and L&T.

In the previous session, Sensex settled 106.11 points or 0.26 per cent lower at 41,459.79, and Nifty dropped 26.55 points or 0.22 per cent to close at 12,174.65.

Meanwhile, on a net basis, foreign institutional investors bought equities worth ₹1,061.39 crore, while domestic institutional investors sold shares worth ₹960.48 crore on Thursday, data available with stock exchanges showed.

According to traders, domestic equities advanced tracking significant foreign fund inflow ahead of the release of wholesale inflation data.

Globally, concerns over rising cases of coronavirus patients kept investors on edge, they said.

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

Stock exchanges on Wall Street closed with losses on Wednesday.

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Printable version | Feb 20, 2020 1:45:14 PM | https://www.thehindu.com/business/markets/sensex-rises-over-200-points-nifty-above-12200/article30817505.ece

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