GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Sensex Surges 174 Points in Early Trade on Corporate Earnings

The 30-share index, which had retreated from record by plunging 363.79 points in the previous session, rebounded 174.18 points or 0.54 per cent to 31,885.17 with stocks of FMCG, healthcare, bank, IT, PSU and oil&gas rising by up to 1.13 per cent.

PTI

Updated:July 19, 2017, 10:09 AM IST
facebookTwittergoogleskypewhatsapp
Sensex Surges 174 Points in Early Trade on Corporate Earnings
The Bombay Stock Exchange (BSE) logo is seen at the BSE building in Mumbai. (Photo: Reuters)
Mumbai: The BSE Sensex recovered over 174 points in opening trade today on fresh buying by investors after Hindustan Lever reported better-than-expected earnings.

The 30-share index, which had retreated from record by plunging 363.79 points in the previous session, rebounded 174.18 points or 0.54 per cent to 31,885.17 with stocks of FMCG, healthcare, bank, IT, PSU and oil&gas rising by up to 1.13 per cent.

Similarly, the broader NSE Nifty was trading 43.45 points or 0.44 per cent higher at 9,870.60.

Buying activity emerged after FMCG major Hindustan Unilever on Tuesday posted a 9.28 per cent increase in standalone net profit at Rs 1,283 crore for the first quarter ended June 30.

Shares of Hindustan Unilever climbed 3.18 per cent to Rs 1,195.105 in early trade.

Other gainers that supported the recovery were ITC Ltd, Lupin, Sun Pharma, Dr Reddy's, Cipla, TCS, NTPC, Bharti Airtel, Kotak Bank, Tata Steel, SBI, Reliance Industries and Wipro.

Traders said besides encouraging earnings posted by some bluechip companies, a firming trend at other Asian markets, as investors tracked another record close on Wall Street, influenced trading sentiments here.

In Asian region, Japan's Nikkei rose 0.11 per cent, while Hong Kong's Hang Seng was up 0.32 per cent in early trade. Shanghai Composite too gained 0.71 per cent.

Also Watch

Read full article
Most Active
Company Price Change %Gain
Vedanta 253.55 +2.95 +1.18
United Spirits 3,220.95 +101.80 +3.26
TCS 3,631.50 +27.80 +0.77
Tata Motors 295.75 +7.10 +2.46
SBI 264.90 -3.60 -1.34
Company Price Change %Gain
HDFC 1,815.40 +9.35 +0.52
Just Dial 502.60 +37.75 +8.12
United Spirits 3,224.65 +102.60 +3.29
Avenue Supermar 1,495.00 +90.80 +6.47
Power Grid Corp 211.95 +0.20 +0.09
Top Gainers
Company Price Change %Gain
Hindalco 245.35 +11.25 +4.81
IOC 162.60 +6.70 +4.30
ONGC 175.05 +7.35 +4.38
Tata Steel 570.10 +21.90 +3.99
Bajaj Finserv 6,032.10 +205.70 +3.53
Company Price Change %Gain
ONGC 174.65 +7.00 +4.18
Tata Steel 569.00 +20.60 +3.76
Tata Motors 295.50 +6.55 +2.27
Yes Bank 337.45 +6.95 +2.10
Hero Motocorp 3,555.05 +68.80 +1.97
Top Losers
Company Price Change %Gain
Coal India 275.70 -4.40 -1.57
Bharti Infratel 314.00 -4.35 -1.37
SBI 264.90 -3.60 -1.34
Asian Paints 1,286.85 -6.75 -0.52
ITC 273.65 -1.20 -0.44
Company Price Change %Gain
Coal India 275.25 -4.60 -1.64
SBI 264.75 -3.75 -1.40
ITC 273.30 -1.50 -0.55
Asian Paints 1,288.00 -2.20 -0.17