Business

Sensex, Nifty opens higher; Realty stocks up 2%

Agency | February 25, 2019 11:48 AM

MUMBAI: The benchmark Sensex advanced over 100 points after opening in the green on Monday following optimism in the Asian markets amid signs of easing trade tension between the US and China.

The Sensex of the BSE opened at 35,983.80 from its previous close at 35,871.48 on Friday.

At 9.28 a.m., the Sensex traded at 35,977.71 higher by 106.23 points or 0.30 per cent.

The Nifty of the National Stock Exchange (NSE) opened at 10,813.25 after closing at 10,791.65 on Friday. It traded at 10,815.15 during the morning trade session, up 23.50 points and 0.22 per cent.

Realty stocks surged over 2 per cent, gaining the most among the sectoral indices, after the GST council announced a tax cut for under - construction homes on Sunday.

Key sectors -- finance and banking -- also traded in the green while capital goods and FMCG witnessed selling pressure. Besides, energy stocks also declined.

Markets reacted positively after US President Donald Trump's Sunday statement: "I will be delaying the US increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi (Jinping) and myself."

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

FIIs bought stocks worth Rs 6,311.01 crore while the DIIs purchased scrips worth Rs 838.88 crore.

Have something to say? Post your comment
Must Read
Webcasting scripts new success story in ensuring free, fair and transparent polls
Webcasting scripts new success story in ensuring free, fair and transparent polls
Sidhu’s out of turn outbursts amount to sabotage: Brahm Mohindra
Sidhu’s out of turn outbursts amount to sabotage: Brahm Mohindra
Senior Congress leader Tajinder Singh Bittu cast his vote
Senior Congress leader Tajinder Singh Bittu cast his vote
Chaudhary Santokh Singh along with his family cast their votes in Phillaur
Chaudhary Santokh Singh along with his family cast their votes in Phillaur
957 booths in Jalandhar to have webcasting today- general observer and DC
957 booths in Jalandhar to have webcasting today- general observer and DC
CPMF, Micro observers and webcasting at all 439 vulnerable polling booths for free, fair and transparent polls
CPMF, Micro observers and webcasting at all 439 vulnerable polling booths for free, fair and transparent polls
592 Polling Parties Dispatched For Polling Booths In The District
592 Polling Parties Dispatched For Polling Booths In The District
First voters from first time voter, PWD and senior citizen category to be awarded certificate by district administration
First voters from first time voter, PWD and senior citizen category to be awarded certificate by district administration
My wife would never lie: Navjot Singh on wife's claim against Amarinder Singh
My wife would never lie: Navjot Singh on wife's claim against Amarinder Singh
DC asks AROs to ensure basic facilities for poll staff during duty at dispatch/receiving centers, polling stations and counting centers
DC asks AROs to ensure basic facilities for poll staff during duty at dispatch/receiving centers, polling stations and counting centers
Modi raising  security threat to divert attention from threat to unity from BJP and RSS: Jakhar
Modi raising security threat to divert attention from threat to unity from BJP and RSS: Jakhar
Capt Amarinder shames ‘Divider in Chief’ Modi for lowering India’s global prestige
Capt Amarinder shames ‘Divider in Chief’ Modi for lowering India’s global prestige