Sensex rises by over 100 points; Nifty above 10375-mark

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The benchmark Sensex of the Bombay Stock Exchange (BSE) increased by over 100 points in the early trade today on sustained buying by DIIs amid firm Asian cues.

The 30-share index rose 136.45 points (0.40 percent) to 33763.42 in the early trade on Monday. Earlier the gauge had gained over 600 points in its previous two sessions.

The broader 50 shares NSE Nifty was up by 47.65 points (0.46 percent) at 10379.25.

Sectoral indices led by metal, realty, consumer durables and capital goods stocks were trading in green with gains of up to 1.40 percent.

Brokers said that a firm trend at other Asian markets on easing concerns about a sharp rise in US interest rate and buying by investors ahead of earnings season, scheduled to begin this week, helped lift market sentiments.

Top gainers were Yes Bank, Kotak Bank, IndusInd Bank, M&M, Asian Paints, HDFC, RIL, Axis Bank, Baja Auto, ITC, Maruti Suzuki, Wipro, ITC and Dr. Reddy’s gaining by up to 1.29 percent

Major laggards were Bharti Airtel, ICICI Bank, and Infosys, falling up to 2 percent.Meanwhile, domestic institutional investors (DIIs) bought shares worth Rs 615.28 crore, while foreign portfolio investors (FPIs) net sold shares worth Rs 108.02 crore on Friday, a provisional data showed.

In other Asian markets, Hong Kong’s Hang Seng rose by 0.97 percent while Japan Nikkei was up 0.06 percent. Shanghai Composite Index traded higher by 0.15 percent.

The US Industrial Average ended 2.34 percent down while S&P 500 and Nasdaq were also down by over 2 points in Friday’s trade after President Donald Trump warned tariffs on an additional USD 100 billion worth of Chinese imports.

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