GET Stock QuotesNews18 APP
News18 English

SPONSORS

Powered by cricketnext logo
»
2-min read

Sensex Climbs 227 Points on Global Rally in Stocks

The BSE 30-share index surged 227.44 points, or 0.75 per cent, to 30,692.36 points. The gauge had gained 30.13 points in the previous session on Friday.

PTI

Updated:May 22, 2017, 10:25 AM IST
facebookTwittergoogleskypewhatsapp
Sensex Climbs 227 Points on Global Rally in Stocks
Representative Image. (Image: PTI)

Mumbai: The benchmark BSE Sensex rallied over 227 points in early trade on Monday on buying in FMCG, banking and IT stocks by investors enthused by global rally in stock markets.

The BSE 30-share index surged 227.44 points, or 0.75 per cent, to 30,692.36 points. The gauge had gained 30.13 points in the previous session on Friday.

All sectoral indices led by FMCG, realty, capital goods, metal and auto were in the green, rising up to 1.76 per cent. Also, the NSE Nifty gained 62.55 points, or 0.66 per cent, to 9,490.45 points.

Trading sentiment got a boost after the defence ministry last week broadly finalised a policy under which select private firms will be roped in to build military platforms like submarines and fighter jets in India in partnership with foreign entities.

FMCG giant ITC rose the most among 30 Sensex constituents, climbing 2.82 per cent to Rs 293.95. Engineering and construction giant Larsen & Toubro rose 1.34 per cent to Rs 450.60.

Adani Ports rose by 1.75 per cent and TCS by 1.5 per cent. Tata Motors and Bharti Airtel rose by around 1 per cent in early trade.

ICICI Bank, Infosys and Reliance Industries were also trading with gains of up to 1 per cent. Among other stocks, BEL and BHEL too were up by 2.12 per cent. Reliance Defence and Engineering was up 2.28 per cent.

State Bank of India, which posted two-fold jump in net profit for the last quarter of FY2016-17, was trading down by over 1 per cent due to profit booking by investors after a recent rally in the stock.

Losses of up to 1 per cent in Sun Pharma, HDFC, Asian Paints and Gail capped the gains of the benchmark Sensex. Firming trend at other Asian markets cheered by the weekend rally at the Wall Street mainly accelerated buying activity on the domestic bourses, brokers said.

Sustained buying by domestic institutional investors too influenced sentiments, they added. In other Asian markets, Hong Kong's Hang Seng was up 0.75 per cent, while Japan's Nikkei rose 0.30 per cent. Shanghai Composite Index, however, was marginally down by 0.11 per cent. The US Dow Jones Industrial Average ended 0.69 per cent higher on Friday.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
SBI 318.10 +11.60 +3.78
Jindal Steel 290.75 +27.00 +10.24
Reliance 983.25 +11.75 +1.21
Infosys 1,177.10 +27.10 +2.36
Axis Bank 620.10 +8.55 +1.40
Company Price Change %Gain
Zee Entertain 593.80 -15.35 -2.52
Power Grid Corp 196.00 +1.00 +0.51
Bharti Airtel 490.90 +1.20 +0.25
HDFC Bank 1,951.30 -12.50 -0.64
HDFC 1,884.95 +10.80 +0.58
Top Gainers
Company Price Change %Gain
Vedanta 343.50 +16.55 +5.06
Hindalco 264.95 +9.85 +3.86
SBI 318.10 +11.60 +3.78
Tata Steel 779.75 +27.55 +3.66
Cipla 622.35 +21.20 +3.53
Company Price Change %Gain
SBI 318.00 +11.75 +3.84
Tata Steel 780.05 +27.95 +3.72
ONGC 207.15 +7.20 +3.60
ICICI Bank 362.05 +10.75 +3.06
Coal India 293.00 +8.65 +3.04
Top Losers
Company Price Change %Gain
Ambuja Cements 262.70 -5.75 -2.14
Eicher Motors 27,071.25 -578.55 -2.09
Wipro 315.25 -6.30 -1.96
Zee Entertain 597.15 -11.70 -1.92
HPCL 395.90 -5.90 -1.47
Company Price Change %Gain
Wipro 316.00 -4.80 -1.50
Tata Motors 418.05 -3.50 -0.83
Asian Paints 1,167.85 -8.85 -0.75
HDFC Bank 1,951.30 -12.50 -0.64
Tata Motors (D) 239.00 +0.05 +0.02

Live TV