Sensex zooms 195 points on strong global cues
Benchmark BSE Sensex advanced by 195 points in early session today on continuous buying by domestic institutional investors amid strong global leads.
The NSE Nifty also went past the 10,300-mark.
The 30-share Sensex was trading higher by 194.68 points, or 0.58 per cent, at 33,444.98, with realty, oil and gas, PSU, metal, banking and auto stocks staying in good shape.
The gauge had gained 653.12 points in the previous two sessions.
The broader Nifty was up 46.15 points, or 0.44 per cent, at 10,311.80.
Domestic institutional investors (DIIs) bought shares worth Rs 1,243 crore on Friday, as per provisional data.
A firming trend in Asia as investors cheered more records on Wall Street and strong US jobs data influenced sentiment here, brokers said.
Optimistic buying by participants ahead of industrial production and inflation numbers to be released later this week too supported the rally.
Prominent gainers included Bharti Airtel, Axis Bank, SBI, Wipro, ITC Ltd, Tata Steel, Maruti Suzuki, HDFC Ltd, Lupin, Tata Motors, Coal India and Sun Pharma, rising up to 1.73 per cent.
Japan's Nikkei gained 0.04 per cent and Shanghai Composite rose 0.40 per cent in early trading today while Hong Kong's Hang Seng was up 0.51 per cent.
The US Dow Jones Industrial Average ended 0.49 per cent higher on Friday.
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
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
10:12 AM IST