Sensex rises by 179 pts, Nifty above 9,900 level
09:59 am
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RBI policy announcement: Zee Business poll favours 0.25% rate cut The benchmark BSE Sensex advanced
179 points and the NSE Nifty reclaimed the 9,900-mark in early
trade today on strong gains in IT, pharma and FMCG stocks.
Positive global cues too influenced the investor
sentiment.
The 30-share index was trading higher by 179 points, or
0.56 per cent, at 31,775.06. Sectoral Indices of IT, teck,
power, realty, healthcare and banking rose by up to 1.60 per
cent.
The gauge had gained 337.21 points in the previous three
sessions.
Stock markets were closed on Friday on the occasion of
Ganesh Chaturthi.
The NSE Nifty recaptured the 9,900-mark by rising 50.90
points, or 0.51 per cent, at 9,907.95.
Brokers said persistent buying by domestic institutional
investors and a firm trend at other Asian markets on fresh
hopes Donald Trump will be able to push through market-
friendly tax reforms buoyed the sentiment.
Infosys, the country's second largest software exporter,
emerged as top gainer among Sensex components by rising 3.65
per cent to Rs 945.85.
The stock was up after after the company on Thursday
named former CEO and Aadhaar-architect Nandan Nilekani as its
new chairman.
Other big gainers were Adani Ports, NTPC, Sun Pharma,
ONGC, ICICI Bank, Cipla, Hindustan Unilever, L&T, Lupin, HDFC
Ltd, Coal India and Hero MotoCrp.
Japan's Nikkei was up 0.28 per cent while Hong Kong's
Hang Seng gained 0.47 per cent in early trade today. Shanghai
Composite edged up 0.81 per cent.
The US Dow Jones Industrial Average ended 0.14 per cent
higher on Friday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
