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
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
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.