Home BUSINESS Sensex Rises Nearly 150 Points, Nifty Regains 10,750 Level

Sensex Rises Nearly 150 Points, Nifty Regains 10,750 Level

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New Delhi: Indian shares rose on Friday tracking positive global markets. the Sensex added nearly 150 points while the NSE benchmark Nifty rose nearly 50 points to regain the 0,750 level. However, caution prevailed as investors looked forward to release of key macroeconomic data later in the day.

The 30-share Sensex 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. Meanwhile, The NSE Nifty index also rose 45.95 points, or 0.42 per cent, at 10,762.50.

Optimistic buying in blue-chip stocks ahead of industrial production and inflation data, to be released after market hours, drove stocks higher, brokers said. positive earnings by most of the companies also boosted sentiment. “Axis Bank aside, results of banks and housing finance have been stellar,” Sanchita Mukherjee of Blue Edge securities said.

Sectoral indices led by oil and gas, IT, consumer durables, capital goods and FMCG pushed benchmark indices higher.

Among Nifty50 stocks, Asian Paints was the top gainer, up 5.47 per cent followed by HPCL, IOC, Bajaj Finance, which rose between 1.5-3 per cent. UPL, BPCL, Vedanta, ICICI Bank were the other big gainers in the Nifty.

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.

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