Sensex jumps over 100 points in early trade; Nifty tops 15,800

By Administrator_ India

Capital Sands

Equity benchmark Sensex jumped over 100 points in early trade on Wednesday, tracking gains in index-heavyweights Infosys, HUL, and Maruti, amid a positive trend in global equities.

The 30-share BSE index was trading 145.45 points or 0.28 percent higher at 52,734.16 in initial deals. Similarly, the broader NSE Nifty advanced 49.70 points or 0.32 percent to 15,822.45.

IndusInd Bank was the top gainer in the Sensex pack, rising over 1 percent, followed by Maruti, Titan, Tata Steel, HUL, and Infosys.

On the other hand, Kotak Bank, Asian Paints, UltraTech Cement, and HCL Tech were among the laggards.

In the previous session, Sensex settled 14.25 points or 0.03 percent higher at 52,588.71, and Nifty rose 26.25 points or 0.17 percent to close at 15,772.75

Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 1,027.94 crore on Tuesday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities continue to look good as of now. Indian markets witnessed brisk recovery this week so far led by improved prospects of economic rebound and sustained recovery in corporate earnings.

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