Sensex rises over 300 points, Nifty reclaims 12,100 points
New Delhi | Jagran Business Desk: The benchmark Sensex on Wednesday jumped over 200 points in the opening session led by gains in metal, auto, energy, IT stocks amid recovery in global equities. At 9.49 am, the 30 share index jumped 330 points or 0.81 per cent higher at 41,296 while the broader NSE rose 98 points or 0.81 per cent at 12,153.
Major gainers include Tata Steel that rose over 2 per cent followed by Infosys, M&M, Bharti Airtel, Maruti and Hero MotoCorp. On the flip side, TCS and HDFC slipped in red territory.
Besides recovery in global equities, domestic market rose on hopes of an economic revival in the upcoming budget, traders said.
Further, short-covering ahead of January derivatives expiry also lifted key indices, they added.
Means Bourses in Japan and South Korea were trading in the north direction while markets in Hong Kong opened with significant losses after a Lunar Year break. Stocks in China remained closed. The US Wall Street had opened higher on Tuesday.
Brent crude oil futures rose 1.36 per cent to USD 59.61 per barrel.
The rupee gained 8 paise to 71.22 against the US dollar in morning session.
Meanwhile, on a net basis, domestic institutional investors purchased shares worth Rs 711.70 crore, whileforeign institutional investors sold equities worth Rs 1,357.56 crore on Tuesday, data available with stock exchanges showed.
Earlier on Tuiesday, the 30-share BSE index settled 188.26 points, or 0.46 per cent, down at 40,966.86. Likewise, the broader NSE Nifty closed 63.20 points, or 0.52 per cent, down at 12,055.80 in line with weak global sentiment triggered by the rapidly-spreading coronavirus.
Bharti Airtel was the biggest loser in the Sensex pack, falling 4.55 per cent, followed by Tata Steel, Reliance Industries, Maruti, ITC, Nestle India and ICICI Bank.
On the other hand, HDFC, Bajaj Finance, Sun Pharma and HDFC Bank advanced up to 1.53 per cent.
(with PTI inputs)
Posted By: James Kuanal