Sensex gains 200 points, Nifty tops 12,300 on firm global cues, macro data
Among the sectoral indices on BSE, the IT, TECk, Realty and Metal index were up.
By ETMarkets.com | Updated:
BCCL
NEW DELHI: Benchmark equity indices BSE Sensex and NSE Nifty kicked off Monday’s session on a firm note, following rise in Asian peers coupled with growth in India’s industrial production data.
The 30-share Sensex was up 215 points, or 0.52 per cent, at 41,815 in early trade, while the 50-share Nifty was up 67 points, or 0.55 per cent, at 12,324 around the same time.
The industrial output grew 1.8 per cent in November, turning positive after three months of contraction, on account of growth in the manufacturing sector, showed government data on Friday. The Index of Industrial Production (IIP) had grown by 0.2 per cent in November 2018.
As many as 29 stocks in the Sensex pack were trading higher, with Infosys gaining the most at 2.71 per cent. It was followed by Tata Steel (up 1.26 per cent), IndusInd Bank (up 1.05 per cent), Sun Pharma (up 1.01 per cent) and Bajaj Finance (up 0.87 per cent).
On the other hand, TCS was down 0.29 per cent at Rs 2,207.
Shares of private sector lender YES Bank cracked over 5 per cent despite the board approving fundraising of up to Rs 10,000 crore through debt and equity. The lender also decided not to proceed with the offer from Erwin Singh Braich/SPGP Holdings. Morgan Stanley said that elevated asset quality stress will weigh on the stock.
Infosys advanced over 2 per cent after the IT major on Friday reported a 23.7 per cent rise in consolidated net profit at Rs 4,466 crore for the December quarter, which the company executives called satisfactory.
Among the sectoral indices on BSE, the IT, TECk, Realty and Metal index were up 1.12 per cent, 1.02 per cent, 0.72 per cent and 0.64 per cent, respectively. Other sectoral indices were also trading in the green.
The US markets ended lower on Friday after hiring data fell short of estimates and wage growth was the weakest in more than a year. Asian markets are trading mostly in the green ahead of the expected signing on a Sino-US trade deal, though talks on a phase two package are likely to drag on for month.
The 30-share Sensex was up 215 points, or 0.52 per cent, at 41,815 in early trade, while the 50-share Nifty was up 67 points, or 0.55 per cent, at 12,324 around the same time.
The industrial output grew 1.8 per cent in November, turning positive after three months of contraction, on account of growth in the manufacturing sector, showed government data on Friday. The Index of Industrial Production (IIP) had grown by 0.2 per cent in November 2018.
As many as 29 stocks in the Sensex pack were trading higher, with Infosys gaining the most at 2.71 per cent. It was followed by Tata Steel (up 1.26 per cent), IndusInd Bank (up 1.05 per cent), Sun Pharma (up 1.01 per cent) and Bajaj Finance (up 0.87 per cent).
On the other hand, TCS was down 0.29 per cent at Rs 2,207.
Shares of private sector lender YES Bank cracked over 5 per cent despite the board approving fundraising of up to Rs 10,000 crore through debt and equity. The lender also decided not to proceed with the offer from Erwin Singh Braich/SPGP Holdings. Morgan Stanley said that elevated asset quality stress will weigh on the stock.
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Infosys advanced over 2 per cent after the IT major on Friday reported a 23.7 per cent rise in consolidated net profit at Rs 4,466 crore for the December quarter, which the company executives called satisfactory.
Among the sectoral indices on BSE, the IT, TECk, Realty and Metal index were up 1.12 per cent, 1.02 per cent, 0.72 per cent and 0.64 per cent, respectively. Other sectoral indices were also trading in the green.
The US markets ended lower on Friday after hiring data fell short of estimates and wage growth was the weakest in more than a year. Asian markets are trading mostly in the green ahead of the expected signing on a Sino-US trade deal, though talks on a phase two package are likely to drag on for month.
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