Sensex rises 200 points, Nifty tops 10,900; YES Bank soars 10%

NEW DELHI: Indian headline indices Sensex and Nifty soared higher in opening deals as sentiment got a leg up from corporate earnings and firm Asian peers.

Asian stocks rose across the board on Friday, buoyed by gains in US technology shares while investors awaited several key events next week including US-China trade talks, Reuters reported.

Rupee's gain against the US dollar also influenced the mood.


Sensex surged nearly 280 points and Nifty breached 10,930 in early trade on an all-round buying.

Around 9:30 am, the BSE Sensex was 231 points, or 0.64 per cent, up at 36,426, with 27 stocks in the green and only four in the red.

The Nifty index was 70 points, or 0.64 per cent, up at 10,919, with 42 stocks advancing and eight declining.


BSE Midcap and Smallcap indices climbed up to 0.39 per cent.

Shares of YES Bank rallied as much as 10 per cent, leading the pack of Sensex gainers, after the lender on Thursday named Ravneet Singh Gill as the managing director and chief executive officer to succeed Rana Kapoor, whose term ends on January 31.

However, the bank posted a 6.96 per cent dip in net profit at Rs 1,001.85 crore for the quarter ended December 2018. It had posted a net profit of Rs 1,076.87 crore in the corresponding quarter of 2017-18.

Bharti Airtel, HCL Tech, Axis Bank, Sun Pharma and Power Grid, too, were among the top gainers in the Sensex index.

Shares of Hero MotoCorp and ICICI Bank were trading in the red.

The CBI on Thursday booked former ICICI Bank head Chanda Kochhar on charges of criminal conspiracy, cheating and abuse of official position for “dishonestly sanctioning loans to the Videocon Group”.

All sectoral indices were in the green, with BSE Telecom jumping nearly 2 per cent on gains in shares of Bharti Infratel, Bharti Airtel, Sterlite Technologies, HFCL and ITI.

Larsen & Toubro, Maruti Suzuki, DHFL, Gati, Gruh Finance, IOB, M&M Financial, Vakrangee, Nilkamal and V2 Retail are among the companies that will announce their December quarter results today.