Sensex jumps over 200 points to 39,644.21 on firm global cues

Top gainers in the Sensex pack in early trade included Tata Steel, NTPC, Bajaj Auto, HDFC Bank, Axis Bank, Hero MotoCorp, PowerGrid and Tata Motors.

Published: 01st July 2019 10:04 AM  |   Last Updated: 01st July 2019 10:04 AM   |  A+A-

sensex, stock exchange, bombay, BSE, Nifty

Bombay Stock Exchange. For representational purposes. (File Photo | Reuters)


MUMBAI: Domestic equity benchmark BSE Sensex rallied over 200 points on Monday, tracking positive cues from global equities amid easing trade tension between the US and China.

The 30-share index was trading 249.57 points, or 0.63 per cent, higher at 39,644.21 at 0930 hours. Similarly, the broader NSE Nifty was quoting 71.35 points, or 0.61 per cent, up at 11,860.20. In the previous session Friday, the BSE gauge settled 191.77 points, or 0.48 per cent, lower at 39,394.64, and the Nifty fell 52.70 points, or 0.45 per cent, to end at 11,788.85.

Top gainers in the Sensex pack in early trade included Tata Steel, NTPC, Bajaj Auto, HDFC Bank, Axis Bank, Hero MotoCorp, PowerGrid and Tata Motors, rising up to 1.27 per cent. On the other hand, SBI, Yes Bank, Bharti Airtel, Maruti, HCL Tech, HUL and RIL were among the losers, shedding up to 0.78 per cent.

According to traders, domestic investors followed most Asian equities that rose amid reports that US President Donald Trump and Chinese President Xi Jinping agreed to restart the US-China trade negotiations.

Shanghai Composite Index, Nikkei and Kospi were trading on a positive note, while Hang Seng was quoting marginally lower in its early session.

Meanwhile, easing concerns over trade issues between India and the US too boosted market sentiment here, traders said. Prime Minister Narendra Modi and Trump, at the G20 meeting on Friday, agreed for an early meeting of their commerce ministers to sort out concerns over bilateral trade disputes.

Market is also upbeat amid expectations of reforms from the upcoming Union Budget, they added. On the currency front, the Indian rupee appreciated 9 paise to 68.93 against the US dollar. The global oil benchmark Brent crude futures surged 2.33 per cent to 66.25 per barrel.

Stay up to date on all the latest Business news with The New Indian Express App. Download now


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 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 are those of the comment writers alone. They do not represent the views or opinions of 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. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp