Sensex snaps 2-day losing streak; recovers over 150 points
Team Udayavani, Oct 29, 2018, 12:00 PM IST
Mumbai: The BSE Sensex recovered over 173.33 points in opening trade on Monday on sustained buying in recently battered stocks amid strength in the rupee.
The 30-share Sensex, which lost 340.78 points on Friday, recovered by 173.33 points, or 0.52 per cent, to 33,522.64. Positive trend appeared in some sector led by Infra and Auto, while mixed movements were seen in the banking stocks.
The NSE Nifty too edged up by 44.25 points, or 0.44 per cent, to 10,074.25. Meanwhile, the rupee recovered by 14 paise to 73.33 against the US currency in early trade on Monday.
The 30-share index Friday tumbled 340.78 points to end at seven-month low of 33,349.31, while the broader NSE Nifty had slipped 94.90 points to 10,030.00.
In the Sensex pack, ICICI Bank, SBI, Axis Bank, M&M, Sun Pharma, Asian Paints, Bajaj Auto, HeroMotocorp and Maruti were major gainers. Among losers were TCS, Bharti Airtel, Coal India, HDFC, HDFC Bank and IndusInd Bank.
In the Asian region, Japan’s Nikkei was trading 0.50 per cent up, while Shanghai Composite index fell 1.47 per cent, Hong Kong’s Hang Seng dropped 0.02 per cent.
However, Taiwan was up 0.14 per cent in their early sessions. The US Dow Jones Industrial Average ended 1.19 per cent lower on Friday.
On a net basis, foreign funds sold shares worth Rs 1,356.66, while domestic institutional investors bought shares to the tune of Rs 1,875.89 crore on Friday, provisional data showed.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
Elon Musk in Beijing amid efforts to promote Tesla’s autonomous driving tech
Corporate earnings, US Fed interest rate decision to drive markets in holiday-shortened week: Analysts
Pune court asks police to probe bribery allegations against IT major Cognizant
Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business
MUST WATCH
Latest Additions
Mumbai local train derails at CSMT; services affected on Harbour Line
LS polls 2024: Setback for Congress in Indore — Party nominee Akshay Bam withdraws candidature
Inter-state drug racket: 6 more held, fourth narcotics lab unearthed in Rajasthan’s Sirohi
WATCH: Residents rally to save toddler from terrifying fall in Chennai
CET 2024: 50 questions to be dropped; no re-examination