Markets opened strong today as the
Sensex jumped over 170 points and the Nifty recaptured the
9,800 mark on continued buying support from domestic
institutional investors.
The October derivatives series got off the ground on a
solid footing.
The 30-share index, which had rallied 122.67 points in the
previous sessions, was higher by 170.29 points, or 0.54 per
cent, at 31,452.77. All sectoral indices including realty,
metal and oil and gas made gains, rising up to 2.71 per cent.
The NSE Nifty advanced by 58.40 points, or 0.59 per cent,
to 9,827.35.
Meanwhile, the rupee advanced 20 paise to 65.30 against
the dollar in early session today, broadly in line with the
domestic stocks taking on more muscle.
Domestic institutional investors bought shares worth a net
Rs 5,196.60 crore yesterday, as per provisional data.
Investors were seen creating new positions following the
beginning of the October futures and options (F&O) series that
lifted the key indices.
There were fresh records on Wall Street as global
investors cheered US president Donald Trump's tax reforms
plan.
Mixed trend prevailed in Asia.
Major gainers included Bajaj Auto, Asian Paints, Maruti,
SBI and ICICI Bank.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
10:19 AM IST