×
E-PAPER ▾

E-paper

BUSINESS & FINANCE

Sensex extends rally, rises 173 pts on positive macro data

| | Mumbai
Sensex extends rally, rises 173 pts on positive macro data
The benchmark BSE Sensex gained 173 points to 34,473.43 in early trade today, rising for the second straight session on back of positive macroeconomic data and sustained buying by domestic institutional investors (DIIs) amid appreciating rupee.
 
 Besides, a mixed trend in other Asian markets following positive lead from Wall Street buoyed sentiment here.
 
The 30-share barometer rose 172.96 points, or 0.50 per cent, to 34,473.43 in opening session. All sectoral indices were trading in the green, with realty, metal, capital goods and oil & gas rising up to 1.65 per cent.
 
 The NSE index Nifty climbed 41.50 points, or 0.39 per cent, to 10,581.25.
 
 Brokers said buying picked up on positive economic data. Industrial output grew by 7.1 per cent in December and retail inflation eased in January to 5.07 per cent.
 
DIIs bought shares worth Rs 1,342.70 crore on net basis, while foreign portfolio investors (FPIs) sold shares worth Rs 814.11 crore on net basis on Monday, provisional data showed.
 
Major gainers were Bharti Airtel, HDFC, Adani Ports, Wipro, RIL, Dr Reddy's, L&T, HDFC Bank, Infosys, Tata Steel, M&M, Yes Bank and Coal India, gaining up to 1.92 per cent.
 
Among other Asian markets, Hong Kong's Hang Seng was up 0.73 per cent and Singapore edged up 0.05 per cent, while Japan's Nikkei fell 0.64 per cent and China's Shanghai Composite index slipped 0.32 per cent.
 
The US Dow Jones Industrial Average, however, closed 0.16 per cent higher in yesterday's trade.
 
 
 
 
 

TOP STORIES

Sunday Edition

View All

K’taka CM plants paddy saplings in solidarity with agriculturists

12 Aug 2018 | Kestur Vasuki | Bengaluru

Karnataka Chief Minister HD Kumaraswamy who is facing wrath from the farmers in the State, in an appealing gesture planted paddy saplings in solidarity on Saturday. He chose Aralukuppe village in Mandya district the heart land of vokkaliga politics sowed paddy saplings in a muddied agriculture field amidst a large gathering...

Read More

STATE EDITIONS

View All

Vajpayee’s death: Schools to remain shut today

17 Aug 2018 | Staff Reporter | Bhopal

All private and Government schools will remain closed today as a mark of respect to former Prime Minister late Atal Bihari Vajpayee. Vajpayee passed away after prolonged illness at AIIMS in Delhi on Thursday...

Read More

Page generated in 0.3215 seconds.