Business

Sensex up 200 points, Nifty above 10,700

Punjab Tribune Bureau | January 30, 2019 11:08 AM

MUMBAI: Mumbai, Jan 30 (IANS) The Sensex on Wednesday opened over 200 points higher while the Nifty reclaimed the 10,700 marks owing to strong gains in banking stocks.

The BSE Banking index gained over 1 per cent.

However, investors would be cautious ahead of the third quarter results of key companies -- Bajaj Auto, ICICI Bank, LIC Housing Finance, NTPC -- to be announced later in the day.

Also, investors across the globe will take cues from the key US-China trade talks to begin later in the day.

The S&P BSE Sensex opened over 200 points higher at 35,819.67 from its previous close of 35,592.50.

At 9.16 a.m., the Sensex traded 155.67 points or 0.44 per cent higher at 35,748.17.

The broader Nifty also opened higher at 10,702.25 from its Tuesday's close of 10,652.20. It traded 51.75 points or 0.49 per cent up at 10,703.95.

Dewan Housing Finance Corporation (DHFL) stocks continued to witness heavy selling pressure.

Shares of the housing finance institution fell over 6 per cent to Rs 159.70 per shares in the morning trade session.

The shares of DHFL tanked on Tuesday after Cobrapost, a news website claimed that primary promoters of DHFL syphoned off over Rs 31,000 crore of public money.

Have something to say? Post your comment
Must Read
DC asks officers to speed up awareness drive to make farmers aware of benefits of PMKSN
DC asks officers to speed up awareness drive to make farmers aware of benefits of PMKSN
MP, MLAs, DC and CP greet people on Parkash Utsav of Sri Guru Ravidass Maharaj Ji
MP, MLAs, DC and CP greet people on Parkash Utsav of Sri Guru Ravidass Maharaj Ji
Punjab cabinet ministers expose Capt-Badal bonhomie on the floor of Vidhan Sabha- Bhagwant Mann
Punjab cabinet ministers expose Capt-Badal bonhomie on the floor of Vidhan Sabha- Bhagwant Mann
Car driver arrested for death by negligence
Car driver arrested for death by negligence
Ministerial staff pen down strike continued on Monday
Ministerial staff pen down strike continued on Monday
Punjab IAS officers association strongly condemns reprehensible act of terrorism in Pulwama
Punjab IAS officers association strongly condemns reprehensible act of terrorism in Pulwama
Capt Amarinder slams SAD for disrupting budget proceedings
Capt Amarinder slams SAD for disrupting budget proceedings
Mansa Saanjh Kendras reach out to people, during Jan 3681 applicants get facilities at the Kendras, SSP
Mansa Saanjh Kendras reach out to people, during Jan 3681 applicants get facilities at the Kendras, SSP
Bir Talab to have Butterfly Zone soon
Bir Talab to have Butterfly Zone soon
Punjab budget: Petrol, diesel rates slashed
Punjab budget: Petrol, diesel rates slashed
Punjab MLAs to donate a month’s salary to state’s Pulwama victims’ families
Punjab MLAs to donate a month’s salary to state’s Pulwama victims’ families
MP Chaudhary Satnokh Singh lays foundation stone of city road by allocating Rs 35 lakh from his MPLAD
MP Chaudhary Satnokh Singh lays foundation stone of city road by allocating Rs 35 lakh from his MPLAD