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Sensex Gains Over 200 Points, Nifty Above 10,950: 10 Things To Know

Advances were led by energy and pharma stocks
Advances were led by energy and pharma stocks
  1. At 9:48 am, the Sensex traded 217 points - or 0.6 per cent - higher at 36,603 and the Nifty was up 57 points at 10,964.
  2. At that time, top gainers on the 50-scrip index were Reliance Industries, Sun Pharma, Infosys and Bajaj Finance, trading between 1.3 per cent and 2.6 per cent higher.
  3. The benchmark indices opened higher, but reverwed direction in the first few minutes of trade, before returning to the positive zone to continue the advances.
  4. HDFC Bank shares rose 1.1 per cent in early deals, after the private sector lender on Saturday reported a 20.3 per cent increase in net profit for the October-December quarter.
  5. Wipro shares declined as much as 3.6 per cent. The IT major Wipro had last week reported a net profit of Rs 2,510 crore for the December quarter, marking an increase of nearly 30 per cent year-on-year.
  6. Finance Minister Arun Jaitley will return from the US to present the interim budget, top government sources said. The finance minister had earlier this month gone to the US for treatment, leading to speculation that he might not be able to present the budget this year. 
  7. Meanwhile, the rupee declined by 26 paise against the dollar to hit 71.45 in early trade, hurt by demand for the greenback amid rising crude oil prices.
  8. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent, after rising 1.6 per cent last week
  9. China, the world's second-largest economy, grew 6.4 per cent in the fourth quarter from a year earlier, as had been expected and matching levels last seen in early 2009 during the global financial crisis.
  10. Investors awaited British Prime Minister Theresa May's 'Plan B' for Brexit, due to be presented to parliament later in the day.
(With agency inputs)