Sensex regains strength, recuperates 93 pts in early trade
Domestic bourses got back on their
feet in early trade after Friday's slump as the benchmark
Sensex recovered about 93 points driven by a fresh round of
buying amid a firming trend in other Asian markets.
Besides, persistent buying by domestic institutional
investors (DIIs) too influenced sentiment.
The 30-share index, which had lost 270.78 points in the
previous session, was trading higher by 92.83 points, or
0.29 per cent, at 31,617.51 with the sectoral indices led by
metal, realty, bank, auto, PSU and capital goods helping the
recovery, rising by up to 1.34 per cent.
The 50-share NSE Nifty too was quoting higher by 30.15
points, or 0.30 per cent, at 9,876.55.
From the Sensex pack, ICICI Bank, Tata Steel, ONGC, M&M,
TCS, ITC Ltd, Dr Reddy's, Hero MotoCorp, Sun Pharma, Coal
India, Wipro, Axis Bank and L&T, rising by up to 1.71 per
Meanwhile, DIIs bought shares worth Rs 584.59 crore on
Friday, as per stock exchanges data.
Brokers said sentiment turned somewhat better after
investors tracked gains in Asia as tensions between the US and
North korea have eased and shrugged off weekend losses on
However, Infosys continued its slide and fell by another
2.10 per cent to Rs 903.75 even as the company's board on
Saturday approved the share buyback plan of up to Rs
13,000 crore to reward shareholders.
The buyback price of Rs 1,150 per share was nearly 25 per
cent higher than Friday's closing of Rs 923.10 apiece.
In Asia, Hong Kong's Hang Seng was up 0.27 per cent while
Japan's Nikkei rose 0.16 per cent in early trade today.
Shanghai Composite too gained 0.19 per cent.
The US Dow Jones Industrial Average ended 0.35 per cent
down in Friday's trade.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.