STOCK MARKET BSE NSE

Sensex climbs 134 points ahead of macro data

Optimistic buying in blue-chip stocks ahead of industrial production and inflation data, to be released after market hours, drove stocks higher, brokers said.

Published: 11th May 2018 10:21 AM  |   Last Updated: 11th May 2018 10:21 AM   |  A+A-

Sensex | Reuters File Photo

For representational purposes (File | Reuters)

By PTI

MUMBAI: The benchmark Sensex rose about 134 points in early trade today as investors looked forward to release of key macroeconomic data amid positive global cues.

Optimistic buying in blue-chip stocks ahead of industrial production and inflation data, to be released after market hours, drove stocks higher, brokers said.

The 30-share index went up 133.60 points, or 0.38 per cent, to 35,379.87.

The gauge lost 73.08 points in the previous session.

Sectoral indices led by oil and gas, IT, consumer durables, capital goods and FMCG turned green.

The NSE Nifty index also rose 45.95 points, or 0.42 per cent, at 10,762.50.

Major gainers were Asian Paints, Dr Reddy's, L&T, ITC Ltd, TCS, Coal India, Infosys, Adani Ports, ICICI Bank, Kotak Bank, HDFC Ltd, NTPC, Wipro, Axis Bank and Maruti Suzuki, rising by up to 2.28 per cent.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 900.69 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 364.88 crore yesterday, as per provisional data.

Globally, Asian markets were trading higher, tracking gains on Wall Street overnight.

Hong Kong's Hang Seng rose 1.25 per cent and Japan's Nikkei was up 0.90 per cent in their early trade.

China's main Shanghai Composite Index was flat. The US Dow Jones Industrial Average ended 0.80 per cent higher yesterday.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp