3 hrs ago
Sensex Jumps 448 Points as Nifty Tops 23,350 Early
Indian stock markets started Monday on a strong note.
The Sensex and Nifty both moved higher.
The Sensex gained more than 448 points.
The Nifty climbed above 23,350.
Investors were encouraged by lower crude oil prices.
Foreign investors had also bought Indian shares on Friday.
Asian markets were mostly positive, giving Indian markets more support.
Some companies gained while others, including Infosys, fell.
The Sensex rose 448.32 points to 74,743.28 in early Monday trading.
The Nifty gained 50.3 points to reach 23,396.70.
Cooling Brent crude prices, foreign fund inflows and stronger Asian markets supported equities.
Foreign Institutional Investors bought equities worth Rs 599.54 crore on Friday.
UltraTech Cement, InterGlobe Aviation and Asian Paints gained, while Infosys and others lagged.
- Who
- India’s Sensex and Nifty, supported by foreign investors and broader Asian markets.
- What
- The Sensex and Nifty rose sharply in early trading.
- Where
- Indian stock exchanges, amid positive trading in several Asian markets.
- When
- Monday morning; the latest foreign-investor purchases occurred on Friday.
- Why
- Lower crude oil prices, fresh foreign fund inflows and positive Asian equities supported investor sentiment.
Key facts
- Sensex level
- 74,743.28 in early trade
- Sensex change
- Up 448.32 points
- Nifty level
- 23,396.70 in early trade
- Nifty change
- Up 50.3 points
- Brent crude
- Down 2.25% to USD 101.5 per barrel
- Foreign institutional buying
- Rs 599.54 crore on Friday
- Previous Sensex close
- 74,294.96 on Friday
Quotes
Ponmudi R
CEO of Enrich Money, a SEBI-registered online trading and wealth-tech firm
“Asian markets are trading higher in early trade, with South Korea’s Kospi gaining more than 1 per cent, providing a supportive regional backdrop for Indian equities. Japan’s Nikkei 225 is closed today for a market holiday.”
telegraphindia.com
Sources
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