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INDIA-MARKET-SENSEX
Sensex rises over 150 pts, Nifty hits 10,900 mark
Mumbai, Nov 30, 2018 (BSS/PTI) – The benchmark BSE Sensex gained over 150
points and the NSE Nifty began the December derivatives series by hitting the
10,900 mark in early trade Friday on positive cues from other Asian bourses
ahead of the two-day G20 Summit.
Rupee’s rally to a three-month high also supported the upmove in the domestic
stock market. The domestic unit gained 21 paise to 69.64 against the US
dollar.
The 30-share index rose 175.75 points, or 0.49 per cent, to trade at
36,346.16.
In similar movement, the NSE Nifty breached the 10,900 mark, and was trading
50.45 points, or 0.46 per cent, higher at 10,909.15.
“Markets have been on a uptrend in November, with Nifty gaining 7-8 per cent
from 10,100 levels. This is its highest gain in a month,” said Rahul Mishra,
AVP (Derivatives), Emkay Global Financial Services.
Rupee appreciation and crude oil prices provided a good support to the
market, he added.
Pharma, banking, realty and IT stocks were the biggest gainers on bourses in
early session.
Brent crude, the international benchmark, was trading 0.42 per cent up at USD
59.76 per barrel.
Top gainers include Yes Bank, Wipro, M&M, ONGC,
Infosys, SBI, Mauti, HUL, TCS, Bharti Airtel, PowerGrid and Sun Pharma,
rising up to 5 per cent.
While, Tata Motors, Adani Ports, Vedanta, NTPC, Coal India, HDFC Bank, Tata
Steel, IndusInd Bank, L&T and Kotak Bank were among the top losers, falling
up to 3 per cent.
On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs
823.47 crore Thursday, while domestic institutional investors (DIIs) were net
buyers to the tune of Rs 973.31 crore, provisional data available with BSE
showed.
Overseas, Hong Kong’s Hang Seng was up 0.68 per cent, Japan’s Nikkei gained
0.23 per cent and Shanghai Composite Index edged higher by 0.23 per cent in
early trade.
On Wall Street, the Dow Jones Industrial Average fell 0.11 per cent, to
25,338.84, on Thursday.
BSS/PTI/HR/1140