Sensex inches higher on positive GDP data, Nifty above 10,500


Team Udayavani, Mar 1, 2018, 11:27 AM IST

Mumbai: The BSE Sensex rose over 63 points in opening deals today, supported by fresh buying activity triggered by positive GDP data for the December quarter amid mixed Asian cues. 

The 30-share index, which had lost 261.71 points in the previous two sessions, opened 63.02 points, or 0.18 per cent, higher at 34,247.06. All sectoral indices inched higher, led by gains in metals, capital goods, infrastructure, realty, banking and auto stocks. 

The broader NSE Nifty reclaimed the 10,500-mark, rising 25.85 points, or 0.24 per cent, to 10,518.70. Market sentiment bolstered after the release of GDP data yesterday, that showed the economy recorded a five-quarter high growth of 7.2 per cent in the October-December quarter on good show by key sectors like agriculture, construction and manufacturing.

Besides, the combined index of the eight core sectors, including coal, steel, cement and petroleum, rose 6.7% in January, up from 3.4 per cent in same month a year ago. Major gainers that supported key indices include Tata Steel, Bajaj Auto, Sun Pharma, IndusInd Bank, Tata Motors and Bharti Airtel, rising up to 1.70 per cent. 

A mixed trend in other Asian markets influenced investor sentiment here, traders said. Meanwhile, Hong Kong’s Hang Seng was up 0.02 per cent while Shanghai Composite index up 0.44 per cent in early trade today. Japan’s Nikkei, however, sheds 1.60 per cent. The US Dow Jones Industrial Average ended 1.50 per cent lower yesterday.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Bantwal: Theft at Shree Mahalingeshwar temple

States not empowered to take over all private properties for distribution to serve common good: SC

Chhattisgarh NAN ‘scam’: FIR against 2 retired IAS officers, former AG

Davangere: MLA Basavantappa returns Rs 1.2 lakh left behind at shop

Woman dies after being hit by luxury car driven by ‘drunk’ youth in Karnataka

MLA Bharat Shetty condemns attack on Edneer Math Swamiji’s vehicle in Kerala

‘Idiot’: Former Canadian Sikh minister slams Justin Trudeau over Khalistan issue

Related Articles More

Markets fall in early trade amid unabated foreign fund outflows

New software for fast-tracking project approvals: Karnataka Minister Patil

In-flight passengers can access WiFi services only when allowed, say new rules

SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees

Sensex plunges 942 points to settle at nearly 3-month low; RIL, HDFC Bank biggest drag

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Union Minister H D Kumaraswamy booked for threatening police officer

Bantwal: Theft at Shree Mahalingeshwar temple

Delhi riots case: HC dismisses plea by Khalid Saifi against attempt to murder charge

States not empowered to take over all private properties for distribution to serve common good: SC

Chhattisgarh NAN ‘scam’: FIR against 2 retired IAS officers, former AG

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.