Mumbai: BSE gains over 100 points, Nifty above 10,350
The benchmark BSE Sensex advanced over 100 points in early trade today on sustained buying by domestic institutional investors amid firm Asian cues. Continuing its upward march for the third straight session, the 30-share index rose 136.45 points or 0.40% to 33,763.42. The gauge had gained 607.90 points in the previous two sessions. NSE Nifty too was up 47.65 points or 0.46% at 10,379.25.
Sectoral indices were trading in positive zone
Sectoral indices, led by consumer durables, metal, realty and capital goods stocks, were trading in the positive zone with gains of up to 1.40%. Brokers said that a firm trend at other Asian markets on easing concerns about a sharp rise in US interest rates and buying by investors ahead of earnings season, scheduled to begin this week, helped lift market sentiment.
Who were the gainers and losers?
Major gainers were Kotak Bank, Yes Bank, IndusInd Bank, M&M, Asian Paint, RIL, HDFC, Bajaj Auto, Axis Bank, ITC, Wipro, Maruti Suzuki and Dr. Reddy's, gaining by up to 1.29%. Top losers were ICICI Bank, Bharti Airtel, and Infosys, falling up to 2%. Meanwhile, Japan's Nikkei was up 0.06% while Hong Kong's Hang Seng index rose 0.97%. Shanghai Composite Index edged higher by 0.15%.
