Business

Sensex up 275 points, Nifty above 11,000

Agency | February 06, 2019 10:18 AM

MUMBAI: The Sensex opened higher on Wednesday and advanced by 275 points in the early trade session on Wednesday while the Nifty traded above the 11,000 mark.

Consumer durables, healthcare, telecom stocks witnessed selling pressure while energy, oil and gas and the key finance and banking stocks gained.

Investors will also be cautious ahead of the third quarter earning outcomes to be announced by companies like Idea-Vodafone, Adani Power, Cummins India.

The Sensex of the BSE opened at 36,714.54 from its previous close at 36,616.81 on Tuesday.

At 9.26 a.m., it traded at 36,891.36 higher by 274.55 points or 0.75 per cent.

The Nifty of the National Stock Exchange (NSE) opened higher at 10,965.10 after closing at 10,934.35 on Tuesday.

The Nifty traded at 11,015.75 during the morning trade session, up 81.40 points and 0.74 per cent.

Investors will also be keeping an eye on the Reserve Bank of India's (RBI) bi-monthly monetary policy outcome scheduled on Thursday.

On Tuesday both the foreign institutional investors (FIIs) and the domestic institutional investors (DIIs) were net buyers.

FIIs bought stocks worth Rs 420.65 crore while the DIIs bought stocks to the tune of Rs 194.31 crore.

Have something to say? Post your comment
Must Read
DC and CP finalizes arrangements for strong rooms of EVMs and VVPATs along with counting centres
DC and CP finalizes arrangements for strong rooms of EVMs and VVPATs along with counting centres
This election is referendum on Modi’s non-performance: Manish Tewari
This election is referendum on Modi’s non-performance: Manish Tewari
Equity indices close in the red, Jet plunges over 32 pc
Equity indices close in the red, Jet plunges over 32 pc
Punjab CM orders special Girdawari to assess crop loss due to rain & storm
Punjab CM orders special Girdawari to assess crop loss due to rain & storm
Vigilance nabs revenue Patwari, private person for taking bribe
Vigilance nabs revenue Patwari, private person for taking bribe
Youth will take Cong and Amarinder to task for reneging on promises made to them – Harsimrat Badal
Youth will take Cong and Amarinder to task for reneging on promises made to them – Harsimrat Badal
ECI appoints Vikram Jeet Duggal as SSP Amritsar (Rural)
ECI appoints Vikram Jeet Duggal as SSP Amritsar (Rural)
Commissionerate police arrest four extortionists including a minor and his elder brother
Commissionerate police arrest four extortionists including a minor and his elder brother
Paid holiday declared on may 19 for lok-sabha polls
Paid holiday declared on may 19 for lok-sabha polls
Congress Candidate Chaudhary Santokh Singh terms Modi-Govt as “Anti-Dalit, Anti-Poor and Anti-Farmers
Congress Candidate Chaudhary Santokh Singh terms Modi-Govt as “Anti-Dalit, Anti-Poor and Anti-Farmers
Administration to organize rehearsals for polling and counting staff on April 23 and 24 respectively
Administration to organize rehearsals for polling and counting staff on April 23 and 24 respectively
I am sure people of Wayanad will reject Rahul Gandhi: Piyush Goyal
I am sure people of Wayanad will reject Rahul Gandhi: Piyush Goyal