Sensex rises over 128 points on firm global cues
What's the story
The BSE Sensex rallied over 128 points to 35,447.43 in early session today, maintaining its positive form for the fourth straight day on positive cues from global markets. Unabated buying by domestic institutional investors fuelled the uptrend, brokers said. The 30-share Sensex, which gained 403.97 points in the previous three sessions, added 128.08 points, or 0.36%, at 35,447.43.
Nifty
NSE Nifty too jumped 39.65 points to 10,781.35
All sectoral indices of BSE led by auto, IT, tech, capital goods, and banking were in the positive zone, rising by up to 0.59%. NSE Nifty too jumped 39.65 points, or 0.36%, to 10,781.35. Prominent gainers include ICICI Bank, M&M, Bharti Airtel, ONGC, RIL, Kotak Bank, HUL, Axis Bank, Coal India, L&T, TCS, HDFC Bank, and Infosys, gaining up to 1.16%.
Information
Investors busy expanding their positions
Investors were busy expanding their positions amid expectations of encouraging earnings from more companies, brokers said. A firming trend in rest of Asia following overnight positive leads from the Wall Street too influenced sentiments.
Details
Oil prices traded higher worldwide
Globally, oil prices traded higher as investors digested the impact of the renewed US sanctions on Iran. Meanwhile, on a net basis, the domestic institutional investors (DIIs) bought shares worth Rs. 664.92 crore, while foreign portfolio investors (FPIs) sold shares worth Rs. 704.03 crore yesterday, provisional data showed. Japan's Nikkei quoted 0.17% higher while Hong Kong's Hang Seng gained 0.83% in early deals.