Sensex rises over 100 points in early trade, Nifty above 16,300

Tata Steel was the top gainer in the Sensex pack, rising over 2 per cent, followed by NTPC, SBI, Axis Bank, HDFC Bank and PowerGrid, while Tech Mahindra and Dr Reddy's were among the laggards.

Published: 11th August 2021 10:27 AM  |   Last Updated: 11th August 2021 10:27 AM   |  A+A-

BSE, Sensex, NSE

Bombay Stock Exchange (File Photo | EPS/ Debdutta Mitra)


MUMBAI: Equity benchmark Sensex jumped over 100 points in early trade on Wednesday, tracking gains in index majors HDFC Bank, Tata Steel and Axis Bank, amid a largely positive trend in global markets.

The 30-share index was trading 149.24 points or 0.27 per cent higher at 54,703.90, while the broader NSE Nifty advanced 46.95 points or 0.29 per cent to 16,327.05.

Tata Steel was the top gainer in the Sensex pack, rising over 2 per cent, followed by NTPC, SBI, Axis Bank, HDFC Bank and PowerGrid.

On the other hand, Tech Mahindra, Dr Reddy's, Sun Pharma and Bajaj Finance were among the laggards.

In the previous session, Sensex closed 151.81 points or 0.28 per cent higher at its lifetime peak of 54,554.66, while Nifty advanced 21.85 points or 0.13 per cent to 16,280.10.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 178.51 crore on Tuesday, as per provisional exchange data.

Domestic equities look to be modestly good as of now, said Binod Modi Head-Strategy at Reliance Securities.

"Given the sharp improvement in key economic indicators like GST collection, auto sales volume despite supply disruption and other high-frequency indicators like e-way bills in July indicate a sustainable rebound in corporate earnings in subsequent quarters. This should aid the market to sustain premium valuations," he noted.

US equities ended mostly higher on Tuesday after the Senate passed a USD 1 trillion infrastructure bill.

However, he said the spread of the delta variant of coronavirus and its potential adverse impact on global economic recovery remained in focus.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo were trading with gains in mid-session deals, while Seoul was in the red.

Meanwhile, international oil benchmark Brent crude fell 0.23 per cent to USD 70.47 per barrel.


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