GET Stock QuotesNews18 APP
News18 English
»
1-min read

Sensex Rises 54 Points on Hopes of Normal Monsoon

The government's weather office on Tuesday forecast a normal monsoon during the June-September period, which is expected to give a leg up to the rural economy.

PTI

Updated:April 19, 2017, 11:33 AM IST
facebookTwittergoogleskypewhatsapp
Sensex Rises 54 Points on Hopes of Normal Monsoon
Representative Image

Mumbai: Buoyed by forecast of a normal monsoon and shrugging off weak trend in global markets, the benchmark BSE Sensex rose over 54 points in opening trade on Wednesday after investors took to select stock-picking.

The 30-share barometer was trading higher by 54.45 points, or 0.18%, at 29,373.55 with IT, power, technology, healthcare and FMCG sector stocks leading the recovery.

The gauge had lost 469.25 points in the previous four sessions, largely in tandem with a weak trend overseas on continued geo-political concerns.

On similar lines, the NSE Nifty rose 15.35 points, or 0.16%, at 9,120.50.

The government's weather office on Tuesday forecast a normal monsoon during the June-September period, which is expected to give a leg up to the rural economy.

Shares of the country's largest software exporter TCS on Wednesday rose 1.27% to Rs 2,338 after the company on Tuesday reported a 4.2% growth in net profit at Rs 6,608 crore for the quarter ended March 2017.

Other Asian markets turned lower following a negative lead from Wall Street and Europe as Britain's shock decision to call an early election added to global uncertainties.

Among other Asian markets, Hong Kong's Hang Seng was down 0.72% while Japan's Nikkei shed 0.09% in early trade. Shanghai Composite Index fell 1.15%. The US Dow Jones Industrial Average ended 0.55% lower in Tuesday's trade.

Also Watch

Read full article
Next Story
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
TCS 3,394.40 +203.25 +6.37
Infosys 1,177.80 +44.95 +3.97
Hindalco 261.50 -3.25 -1.23
Yes Bank 309.00 -9.50 -2.98
Mindtree 940.60 +43.00 +4.79
Company Price Change %Gain
TCS 3,394.45 +203.80 +6.39
HDFC 1,839.60 -24.85 -1.33
Infosys 1,177.90 +45.20 +3.99
Larsen 1,369.80 -14.50 -1.05
Force Motors 3,088.00 +172.45 +5.91
Top Gainers
Company Price Change %Gain
TCS 3,394.40 +203.25 +6.37
Infosys 1,177.80 +44.95 +3.97
HCL Tech 1,060.40 +41.85 +4.11
Tech Mahindra 684.40 +19.20 +2.89
Tata Motors 341.80 +7.55 +2.26
Company Price Change %Gain
TCS 3,393.35 +202.70 +6.35
Infosys 1,177.70 +45.00 +3.97
Wipro 297.40 +5.80 +1.99
Tata Motors 341.50 +6.65 +1.99
Coal India 285.80 +2.95 +1.04
Top Losers
Company Price Change %Gain
Yes Bank 309.05 -9.45 -2.97
Bajaj Finance 1,861.05 -52.25 -2.73
Bharti Infratel 328.00 -7.95 -2.37
Tata Steel 609.55 -12.40 -1.99
SBI 241.50 -4.65 -1.89
Company Price Change %Gain
Yes Bank 309.20 -8.80 -2.77
SBI 241.35 -4.90 -1.99
Tata Steel 609.80 -10.75 -1.73
Reliance 924.35 -16.90 -1.80
Asian Paints 1,146.00 -20.80 -1.78