Sensex jumps 107 pts as March F&O series opens strong
Team Udayavani, Feb 23, 2018, 11:27 AM IST
Mumbai: The benchmark BSE Sensex rose over 107 points to 33,926.59 in early session today as the March derivatives series kicked off on a strong note amid positive Asian cues.
The 30-share Sensex, which had lost 25.36 points in the previous session, was trading higher by 107.09 points, or 0.31 per cent, at 33,926.59. All BSE sectoral indices were in the green, led by healthcare, bank, metal and realty stocks, rising by up to 1.33 per cent.
The NSE Nifty50 recovered 39.85 points, or 0.38 per cent, to 10,422.55. Brokers said investors were creating fresh positions at the start of March futures and options (F&O) series, that led to a recovery in the market. Major gainers include Sun Pharma, Tata Steel, Bharti Airtel, Dr Reddy’s, Yes Bank, Tata Motors, SBI, Wipro and NTPC, rising up to 3.09 per cent.
Stocks of Punjab National Bank which had been under selling pressure since the massive fraud detection, however, edged 1.05 per cent higher. Shares of Gitanjali Gems slumped for yet another session and slumped nearly 5 per cent to Rs 24.80. A firm trend in Asian markets on positive cues from Wall Street pushed buying activity in bourses here, they added.
Hong Kong’s Hang Seng gained 0.67 per cent, while Japan’s Nikkei rose 0.36 per cent in early trade. China’s Shanghai Composite Index too edged higher by 0.14 per cent. The Dow Jones Industrial Average jumped 164.7 points, or 0.66 per cent, to close at 24,962.48 yesterday. The S&P500 gained 2.63 points, or 0.10 per cent, to 2,703.96.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Markets settle marginally higher in first part of special trading session
Tesla ‘silent’; yet to communicate its India plans: Official
Govt to come out with detailed guidelines for electric vehicle policy
Interim stay on order suspending manufacture of 14 Patanjali drugs: Official
GSTN rolls out special procedure for tobacco manufacturers to register machines with tax authorities
MUST WATCH
Latest Additions
Amethi has suffered in last 5 years: Priyanka Gandhi hits out at BJP candidate and MP Smriti Irani
FSSAI asks fruit traders, food biz not to use banned product ‘calcium carbide’ for fruit ripening
Rain interrupts RCB-CSK clash after three overs of play
BJP MLAs urge Telangana CM for quick resolution on paddy procurement issues
Inclement weather warning: Fishermen urged to return ashore