Sensex up 184 pts, Nifty tops 10,800 amid positive global cues
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The BSE Sensex rebounded by 184 points while the Nifty recaptured the 10,800-mark in early trade today on sustained buying by domestic institutional investors amid positive global cues.Asian markets were trading in the green as investors were looking ahead to US President Donald Trump's meeting with North Korean leader Kim Jong Un.
The 30-share Sensex rose by 184 points, or 0.52 %, to 35, 628.57.37 at 10.25 AM. The gauge had shed 19.41 points in the previous session on Friday. All the sectoral indices, led by healthcare, realty, and power, were trading in the green with gains of up to 0.86%.
The broad-based NSE Nifty went up by 57 points to 10825.30 at 10.25 AM. Major gainers that supported the recovery were Adani Ports, RIL, Bharti Airtel, IndusInd Bank, SBI, Yes Bank, Coal India, Dr Reddy's, Asian Paints, Kotak Bank, NTPC, Tata Steel and Bajaj Auto, rising up to 1.81%. Brokers said buying by domestic institutional investors amid a firm trend at other Asian bourses led the markets higher.
Domestic institutional investors bought shares worth a net Rs 459.44 crore, while foreign portfolio investors sold equities to the tune of Rs 222.50 crore on Friday, provisional data showed. In the Asian region, Hong Kong's Hang Seng was up 0.41% and Japan's Nikkei rose 0.49% in early trade today. Singapore's index was up 0.12% and Taiwan gained 0.01%. However, Shanghai Composite Index was down by 0.26%. The US Dow Jones Industrial Average ended 0.30% higher in Friday's trade.
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