Sensex builds on gains, rises 131 points on earnings, Asian cues
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The benchmark BSE Sensex rose by about 131 points in early trade today, extending gains for the third session on continued foreign fund inflows amid encouraging quarterly results.
Besides, a firm trend at other Asian bourses influenced the sentiments here.
The 30-share index rose 130.58 points, or 0.37 %, to 35,390.87. Sectoral indices led by infrastructure, FMCG, healthcare, realty and banking were trading higher by up to 0.65 %.
The gauge had gained 489.24 points in the previous two sessions and yesterday closed at new peak of 35,260.29 after scaling an intra-day all-time high of 35,507.36.
The NSE Nifty too edged higher by 25.25 points, or 0.23 %, to 10,842.25. Yesterday, it had closed at record high of 10,817 and touched an intra-day high of 10,887.50.
Private sector lender Yes Bank emerged as top gainer in the Sensex kitty by rising 2.85 % after it reported 22 % rise in net profit at Rs 1,076.87 crore during the third quarter ended December 2017.
Reliance Industries was trading higher by 1.15 % ahead of earnings to be announced later in the day.
FIIs bought shares a worth ₹ 1,894.99 crore, while domstic institutional investors sold equities to the tune of ₹ 657.46 crore yesterday, according to provisional data.
Among other Asian markets, Japan’s Nikkei was trading higher by 0.31 %, while Hong Kong’s Hang Seng gained 0.07 % in their early deals. The Shanghai Composite index was up by 0.35 %.
The US Dow Jones Industrial Average ended 0.37 % lower in Thursday’s trade.
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The Supreme Court on Friday asked yoga guru Ramdev to implead the complainants, who have lodged cases against him over his alleged remarks against the use of allopathic medicines during the Covid pandemic, as party in his plea seeking stay of criminal proceedings.
The Patna and Raipur chapters of the Indian Medical Association (IMA) have lodged complaints in 2021 alleging Ramdev's remarks were likely to cause prejudice to Covid control mechanism and may dissuade people from availing proper treatment.
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Shares of Bharat Petroleum Corporation Ltd (BPCL) were down by 4.2 per cent at Rs 560.20 intraday on Friday.
Similarly, other oil and marketing companies (OMCs) such as Indian Oil Corporation and Hindustan Petroleum Corporation Ltd (HPCL) slumped 4.1 per cent each at Rs 162.20 and Rs 457, respectively in intraday deals.
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Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran.
Bitcoin slid more than 5.5 per cent to $59,961 in the Asia session as the US dollar rose broadly. Ether fell by a similar margin, dropping below the $3,000 barrier to $2,895.
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Israeli missiles targeted a site in Iran in response to a recent drone and missile attack launched by Iran, reportedly in retaliation against an alleged Israeli airstrike on Iranian embassy in Syria, according to a report in ABC News.
ABC News reported on the unfolding situation, amid fears that the clash between Israel and Iran might escalate into a wider regional conflict.
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