The 30-share Sensex went beyond the 35,500-mark in early trade while the broader 50-share NSE Nifty too was in the green at 10 am. Even as Asian share market wobbled due to trade tariff fear, the equity market closer home got off to a modest start on Wednesday morning.
Sustained buying by domestic institutional investors (DIIs) and short-covering of outstanding positions by speculators ahead of tomorrow’s June series expiry in the derivatives segment also supported the uptrend, brokers
said.
FMCG and IT sectoral sub-indices were gaining above 1 per cent and 0.50 per cent each while auto, metal and PSU Bank stocks were dragging the numbers down.
Major gainers were TCS, Infosys, Sun Pharma, M&M, RIL, Wipro, HDFC Bank, Asian Paints, Kotak Bank, HDFC Ltd, Tata Motors and Yes Bank, rising by up to 1.62 per cent.
DIIs bought shares Rs 238.05 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 538.40 crore yesterday, as per provisional data.
At other Asian markets, Singapore was up 0.25 per cent and Taiwan 0.12 per cent, while Japan’s Nikkei shed 0.33 per cent in their early deals. Hong Kong’s Hang Seng too fell 0.41 per cent.
Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
