Sensex gains over 180 points, Nifty above 10750-mark

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The benchmark BSE Sensex rose over 180 points in early trade today continuing its yesterday’s gains on unabated buying by domestic institutional investors amid positive leads from Asian markets following overnight gains on the Wall Street.

The 30 share index gained 180.73 points (0.51 percent) to 35388.87. Earlier the gauge had gained 292.76 points in the previous session.

The broader 50 share Nifty also traded above 10750-mark, it gained 43.05 points (0.40 percent) to 10758.55.

Oil prices retreated from three and a half-year highs as investors waited on an announcement by President Donald Trump on whether the US will re-impose sanctions on Iran.

Sectoral indices led by FMCG, bank, consumer durables, power, healthcare, capital goods and PSU were in the positive zone, rising by up to 0.88 percent.

ICICI was the major gainer surging up 6.89 percent even as the private sector lender yesterday posted a 45 percent plunge in Q4 profit at Rs 1142 crore due to a spike in bad loans.

Other gainers were ONGC, RIL, Yes Bank, Axis Bank, Dr. Reddy’s, Coal India, Adani Port, Sun Pharma, SBI, Bharti Airtel, Power Grid and Asian Paints, rising up to 1.73 percent.

Brokers said continued by DIIs and a firming trend in Asia accelerated buying activity.

Meanwhile, on a net basis, Foreign Portfolio Investors (FPIs) sold shares worth Rs 635.24 crore while DIIs bought shares to the tune of Rs 1037.23 crore on Monday, a provisional data showed.

In other Asian markets, Hong Kong’s Hang Seng gained 1.26 percent while Japan’s Nikkei quoted 0.31 percent surge in early deals. China’s Shanghai Composite Index ended 0.59 percent high.

The US Dow Jones Industrial average ended 0.39 percent high in yesterday’s trade.

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