Markets

Sensex edges past 36,900 to touch a new high, Nifty holds above 11,100

The benchmark Sensex crossed the psychological mark of 36,900 for the first time ever on Tuesday before some amount of profit booking pulled the index away from the new high.

During early morning trades, the 30-share Sensex edged past the mark to touch a high of 36,902.06 while gaining more than 180 points.

 During afternoon trades, however, the index was trading at 36,764.79, up 46 points. As many as 20 stocks in the Sensex pack were trading in the green.

The overall market breadth was also positive with more than 1,700 stocks gaining ground as against only 673 declines.

Incidentally, this was in sharp contrast to the trend seen on most days in the recent past when the broader market breadth was weak even as the benchmarks touched new highs.

PTI adds...

The 50-share NSE Nifty also rose 41.15 points, or 0.37%, to 11,125.90.

Major gainers include Maruti Suzuki, Tata Motors, HUL, M&M, Tata Steel, Adani Ports, L&T, ICICI Bank, Coal India, IndusInd Bank, HDFC Bank, Infosys, Power Grid, Kotak Bank, SBI, Asian Paints, HDFC, Axis Bank, Sun Pharma and ITC, rising up to 1.42%.

Foreign portfolio investors (FPIs) bought shares worth a net of ₹259.37 crore and DIIs bought shares worth a net of ₹124.82 crore yesterday, provisional data showed.

Traders said positive cues from other Asian markets and sustained foreign capital inflows, influenced sentiments here.

Japan’s Nikkei rose 0.60%, Shanghai Composite Index 1.59% and Hong Kong’s Hang Seng 1.50% in early trade.

The US Dow Jones Industrial Average ended 0.06% lower on Monday and Nasdaq closed up 0.28%.

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Printable version | Apr 8, 2020 2:11:27 AM | https://www.thehindu.com/business/markets/sensex-scales-record-high-nifty-holds-above-11100/article24501011.ece

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