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Sensex Zooms Nearly 200 Points Amid Broad-Based Gains

Domestic institutional investors (DIIs) bought shares worth Rs 1,243 crore on Friday, as per provisional data.

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Sensex Zooms Nearly 200 Points Amid Broad-Based Gains
Benchmark BSE Sensex advanced by nearly 200 points in early session today on continuous buying by domestic institutional investors amid strong global leads. The NSE Nifty also went past the 10,300-mark. The 30-share Sensex was trading higher by over 150 points in early noon trade at 10,311, with realty, oil and gas, PSU, metal, banking and auto stocks leading the gains. The gauge had gained 653.12 points in the previous two sessions.

The broader Nifty was up 46.15 points, or 0.44 per cent, at 10,311.80.

Domestic institutional investors (DIIs) bought shares worth Rs 1,243 crore on Friday, as per provisional data. A firming trend in Asia as investors cheered more records on Wall Street and strong US jobs data influenced sentiment here, brokers said.

Optimistic buying by participants ahead of industrial production and inflation numbers to be released later this week too supported the rally.

Prominent gainers included Bharti Airtel, Axis Bank, SBI, Wipro, ITC Ltd, Tata Steel, Maruti Suzuki, HDFC Ltd, Lupin, Tata Motors, Coal India and Sun Pharma, rising up to 1.73 per cent.

Japan's Nikkei gained 0.04 per cent and Shanghai Composite rose 0.40 per cent in early trading today while Hong Kong's Hang Seng was up 0.51 per cent. 

The US Dow Jones Industrial Average ended 0.49 per cent higher on Friday. (With Agency Inputs)
 


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