Sensex rises over 100 pts, Nifty above 10500

Sensex rises over 100 pts, Nifty above 10500

Sensex rises over 100 pts, Nifty above 10500

Mumbai: The BSE Sensex rose over 100 points in early trade today, continuing its winning spree for the 10th straight session, on positive global leads and sustained buying by domestic institutional investors.

The Nifty50 fell by 22.50 points, or 0.21 per cent, to close at 10,526.20 points on Wednesday, and the Sensex closed at 34,331.68 points, down 63.38 points, or 0.18 per cent.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 34,403.67 points, closed at 34,427.29 points - up 95.61 points, or 0.28 per cent, from its previous session's close.

Information technology stocks bounced back from recent losses with the NSE IT index up more than 1 per cent and TCS gaining almost 1 per cent. The broader NSE Nifty stood above the 10,550-mark.

Meanwhile, shares of state-run oil refiners tumbled and were the top percentage losers on the NSE index as oil prices remain close to late 2014-highs on the back of declining U.S. crude inventories, while top exporter Saudi Arabia pushed for higher prices.

Meanwhile, shares of state-run oil refiners tumbled and were the top percentage losers on the NSE index as oil prices remain close to late 2014-highs on the back of declining USA crude inventories, while top exporter Saudi Arabia pushed for higher prices.


Media stocks also gained with Nifty media index up 1.5 percent.

Rise in oil prices spurred energy and commodity related stocks, as markets consolidate ahead of important earnings calendar.

Gainers that supported the upmove were ONGC, Tata Steel, Adani Ports, ITC, Dr Reddy's, Asian Paints, L&T, Yes Bank and Reliance Industries, rising up to 2.15 per cent.

TCS stock is up 0.50% ahead of Q4 results later in the day.

Meanwhile, on a net basis, DIIs bought shares worth Rs 723.81 crore, while foreign funds sold shares to the tune of Rs 951.39 crore yesterday, provisional data showed.

The BSE market breadth was bearish with 1,516 declines and 1,137 advances.

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