CORPORATE WORLD

Sensex jumps over 200 pts

Agency, Mumbai
07/09/2019   0 Comments

Domestic equity benchmark BSE Sensex advanced over 200 points in early session on Friday, led by gains in index heavyweights Infosys and RIL, amid positive cues from global markets.


After rising 223 points, the 30-share index was trading 164.05 points, or 0.45 per cent, higher at 36,808.47 at 0930 hours, while the broader Nifty rose 44.15 points, or 0.41 per cent, to 10,892.05.

In the previous session on Thursday, the BSE barometer ended 80.32 points, or 0.22 per cent, lower at 36,644.42, while the Nifty settled 3.25 points, or 0.03 per cent, higher at 10,847.90.

Tech Mahindra was the biggest gainer in the Sensex pack in early trade on Friday, rallying over 4.70 per cent, after the company announced expansion of its strategic multi-year collaboration with AT&T.

Other gainers included Tech Mahindra, Bharti Airtel, Axis Bank, NTPC, Axis Bank, ONGC, Tata Motors, Infosys, PowerGrid and RIL, rising up to 1.95 per cent.

On the other hand, Sun Pharma, Yes Bank, HDFC duo and HCL Tech slipped up to 2.47 per cent.

According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, regular news flow from the RBI and the Finance Ministry have helped to stabilise equity markets lately.

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