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Sensex Rises 250 Points, Nifty Tops 11,000 Ahead Of GDP Data: 10 Things To Know
30 Aug 2019, 10:01 AM IST 
Strength in financial and metal sectors pushed the markets higher
- At 10:01 am, the Sensex traded 184.42 points - or 0.50 per cent - higher at 37,253.35, while the Nifty was up 58.25 points - or 0.53 per cent - at 11,006.55.
- Top percentage gainers on the 50-scrip index at the time were Hindalco, GAIL, Vedanta, Tata Steel, JSW Steel and Bajaj Finance, trading between 1.64 per cent and 3.59 per cent higher.
- HDFC Bank, ITC, HDFC and Reliance Industries were the top contributors to the gains in Sensex.
- Analysts awaited macroeconomic data for cues. The government will release GDP or gross domestic product data for the quarter ended June 30 after market hours.
- According to a poll by news agency Reuters, the economy was expected to have grown 5.7 per cent in the June quarter - its slowest pace in more than five years.
- Meanwhile, equities in other Asian markets rose on Friday as China struck a hopeful tone on trade with the US but continued fears about a global growth slowdown capped sharp rallies.
- MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.6 per cent but stayed near a recent seven-and-a-half-month trough. For the week, it is still set for a small weekly loss.
- Japan's Nikkei jumped 1 per cent while South Korea's KOSPI index gained 1.5 per cent and Australian shares rose 0.9 per cent.
- Investors were focussed on a string of economic releases due over the weekend including China's official manufacturing survey which would provide a good gauge of the real impact from the US-China trade war.
- The Sensex and Nifty had shed 572.34 points - or 1.52 per cent - and 157.05 points - or 1.41 per cent - respectively in past two sessions.
(With inputs from Reuters)
