The benchmark index Sensex is trading 230 points up (12:30) after surging by over 200 points to reclaim the 36,000-mark in early trade today. The rally has been led by IT, realty and capital goods companies, ahead of key quarterly results, such as, TCS, scheduled later in the day. Also Read - NSE India Tweets Sizzling Pics of Mouni Roy, Later Deletes, Apologises For ‘Human Error’
Sensex has risen for the third day in a row by gaining 203.87 points, or 0.57 per cent, at 36,138.59 in early trade. IT, realty, capital goods, oil and gas, metal, tech, auto, PSU, power and banking stocks led the upward movement, by rising up to 1.16 per cent. Also Read - Sensex, Nifty Continue Record Run in Opening Session
The NSE Nifty is also trading 75 points up at 10, 928 after hitting the 10,900 mark in early trade. The rise came on the back of stocks such as Yes Bank, RIL, Adani Ports, HDFC Bank, Bajaj Auto, SBI, Bharti Airtel, Tata Motors, ICICI Bank, Tata Steel, NTPC, Maruti, Tata Steel, Infosys, Coal India, L&T and HDFC. Also Read - Sensex Plunges Over 1400 Points as New Coronavius Strain in UK Triggers Global Markets, Investors Lose Rs 7 Lakh Crore
Traders said widening of bets by investors ahead of Q1 numbers from IndusInd Bank and TCS, amid sustained buying by domestic institutional investors (DIIs) influenced market sentiment. TCS shares rose 0.65 per cent to Rs 1,900, while IndusInd Bank fell 0.17 per cent to Rs 1,951.35.
Meanwhile, DIIs bought shares worth a net of Rs 740.39 crore, while Foreign institutional investors (FIIs) sold shares worth a net of Rs 569.91 crore yesterday, provisional data showed.
Overseas, most Asian stocks rose amid optimism over the upcoming earnings season, that is expected to be sufficiently robust to overshadow a rise in trade tensions.
Hong Kong’s Hang Seng also rose 0.41 per cent, Japan’s Nikkei gained 0.94 per cent, while China’s Shanghai Composite Index shed 0.06 per cent.
US equities jumped on Monday, as investors step aside trade and political tensions given the start of the earnings season. O Monday, the US Dow Jones Industrial Average ended 1.31 per cent higher.