Sensex rises its points while Nifty climbed 22.95 points in early trade…detail inside

Apr 25 2019 10:32 AM
Sensex rises its points while Nifty climbed 22.95 points in early trade…detail inside

Mumbai: On Thursday, equity benchmarks BSE Sensex and NSE Nifty started on a positive note ahead of the expiry of April derivative contracts, amid strong foreign fund inflow. The 30-share index was trading 42.83 points or 0.11 per cent higher at 39,097.51, and the NSE Nifty rose 22.95 points or 0.20 per cent to 11,749.10. In the previous session, the BSE bourse soared 489.80 points, or 1.27 per cent, to close at 39,054.68, and the broader Nifty climbed 150.20 points, or 1.30 per cent, to 11,726.15. Top gainers in the Sensex pack were Yes Bank, PowerGrid, L&T, HCL Tech, HDFC duo, NTPC, Sun Pharma, IndusInd Bank, ITC, HUL and Bajaj Finance, rising up to 2.78 per cent.

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To be noted that, Maruti, ONGC, Bajaj Auto, Asian Paints, Infosys, Hero MotoCorp, TCS, Vedanta, Kotak Bank and RIL were among the top losers, shedding up to 0.83 per cent. According to traders, investors are cautious ahead of April futures and options (F&O) expiry. Sahaj Agrawal, DVP Derivatives, Kotak Securities said, "Nifty tested all time high levels recently after which some correction was seen. Broader sentiment has turned neutral indicating possibility of some consolidation/correction in the near term."

Meanwhile, foreign institutional investors (FIIs) purchased equity worth Rs 974.88 crore on Wednesday, while domestic institutional investors (DIIs) sold shares to the tune of Rs 657.06 crore, provisional data available with stock exchanges showed. The rupee, however, depreciated 17 paise to 70.04 against the US dollar in early trade. Brent crude futures, the global oil benchmark, were trading 0.03 per cent higher at USD 74.59 per barrel. Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were trading on a mixed note in early trade. On Wall Street, Dow Jones Industrial Average ended in the red on Wednesday.

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