Sensex Rises Over 100 Points, Nifty Above 10,300

The domestic stock markets opened Monday’s session on a positive note on fresh buying by investors. At 11:46 am, the (Bombay Stock Exchange) BSE benchmark index Sensex traded at 34,448.79, up 133.16 points or 0.39 per cent. The wider Nifty50 index of the National Stock Exchange (NSE) was at 10,333.70, up 30.15 points or 0.29 per cent. Sectoral indices led by healthcare, banks, capital goods and auto were trading in the green with gains of up to 0.92 per cent. The appreciating rupee against the US dollar and easing crude prices also buoyed sentiments on Monday.
Twenty three out of 30 Sensex stocks were trading in the green. Prominent gainers in the 30-share Sensex pack were HDFC Bank (+1.86 per cent), HDFC (+1.48 per cent), Vedanta (+1.40 per cent), Adani Ports (+1.33 per cent), ITC (+1.23 per cent) and SBIN (+1.21 per cent). Indiabulls Housing Finance (+5.24 per cent), Adani Ports (+2.20 per cent), Bajaj Finance (+2.08 per cent), Eicher Motors (+2.00 per cent) and HDFC Bank (+1.44 per cent) were the main gainers on Nifty pack.

Stock of HDFC Bank was trading higher after the private lender posted better-than-expected earnings. On Saturday, the bank reported a rise of 20.6 per cent in its net profit to Rs. 5,005.73 crore for the second quarter ended September this fiscal, as the core income grew at a healthy pace.

Globally, Asian share markets swung into the black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit. Brent crude, the international benchmark, was trading above $ 79.65 a barrel.

On the other hand, foreign institutional investors (FIIs) sold shares worth RS 618.26 crore, while DIIs offloaded shares to the tune of Rs. 2.14 crore on Friday, as per provisional data.

Meanwhile, stock markets registered deep losses on Friday, with the Sensex shedding 463 points to close at 34,315. NSE benchmark index Nifty fell 149 points to settle at 10,303, 1.4 per cent lower.