Markets

Sensex rises over 250 points in early trade; Nifty above 10,900

A stock broker reacts as he watches share prices on the BSE Sensex | File

A stock broker reacts as he watches share prices on the BSE Sensex | File   | Photo Credit: PAUL NORONHA

Domestic equity benchmark Sensex jumped over 250 points in opening session on Tuesday tracking massive foreign fund inflow and gains in global equities.

The BSE Sensex was trading 238.55 points or 0.65% higher at 37,178.15; while the NSE Nifty was up 70.95 points or 0.65% at 10,962.55.

ONGC was the top gainer in the Sensex pack, rising over 1%, followed by ITC, Asian Paints, Reliance Industries, Maruti, Bajaj Auto and NTPC. On the other hand, IndusInd Bank, HCL Tech, Tech Mahindra, PowerGrid and Bajaj Finance were among the laggards.

In the previous session, the 30-share Sensex ended 667.29 points or 1.77% lower at 36,939.60, while the NSE Nifty tumbled 181.85 points or 1.64% to 10,891.60.

Exchange data showed that foreign institutional investors purchased equities worth ₹7,818.49 crore on a net basis on Monday.

According to traders, heavy foreign fund inflow and positive cues from global markets cheered investors.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with gains in mid-day deals. Stock exchanges on Wall Street too ended on a positive note in overnight session.

Global oil benchmark Brent crude was trading 0.86% lower at $43.77 per barrel.

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Printable version | Sep 23, 2020 8:48:25 AM | https://www.thehindu.com/business/markets/sensex-rises-over-250-points-in-early-trade-nifty-above-10900/article32265182.ece

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