E-Paper
Sensex jumps 104 pts on Asian cues; Nifty tops 9,300
The 30-share index surged 104 points, or 0.35%, to touch 29,949.85, with all the sectoral indices led by consumer durables, auto, capital goods and healthcare, trading in the positive terrain by gaining up to 0.7%.
The benchmark Sensex gained over 104 points and the NSE Nifty reclaimed the 9,300-mark in early trade today on widespread gains tracking a firm trend in Asia.
The 30-share index surged 104 points, or 0.35%, to touch 29,949.85, with all the sectoral indices led by consumer durables, auto, capital goods and healthcare, trading in the positive terrain by gaining up to 0.7%.
The gauge had lost 267.41 points in the previous session on Friday on global weakness due to a renewed slide in crude oil prices.
Meanwhile, the NSE Nifty regained the 9,300-mark by rising 24.05 points, or 0.26%, to trade at 9,309.35.
Traders said buying activity picked up as positive cues started emerging from other Asian bourses following a Wall Street rally at the close of last week. Investors also cheered centrist Emmanuel Macron’s victory over anti-EU Marine Le Pen in France’s presidential election, which influenced sentiment.
Major gainers that supported the key indices included ICICI Bank, Hero MotoCorp, ONGC, TCS, NTPC, Lupin, Asian Paints, Infosys, Coal India and Maruti Suzuki. The stocks rose by up to 1.49%.
Globally, Japan’s Nikkei was up 1.80%, while Hong Kong’s Hang Seng rose 0.36% in early trade today. China’s Shanghai Composite index, however, shed 0.81%.
The US Dow Jones Industrial Average ended 0.26% higher in Friday’s trade. (With inputs from PTI)
