Chennai, India (BBN) – The benchmark BSE index Sensex was trading higher by over 130 points due to continued buying by domestic institutional investors amid positive global cues.
At 10.10 a.m., the 30-share BSE index Sensex was up 130.57 points or 0.39 per cent at 33,490.47 and the 50-share NSE index Nifty was up 38.85 points or 0.38 per cent at 10,337.60, reports The Hindu Business Line.
Among BSE sectoral indices, consumer durables index was the star-performer and was up 1.91 per cent, followed by realty 0.68 per cent, oil & gas 0.62 per cent and power 0.61 per cent.
Top five Sensex gainers were Bharti Airtel (+2.59%), NTPC (+1.97%), Reliance (+1.83%), Tata Steel (+1.68%) and Dr Reddy’s (+1.4%), while the major losers were Coal India (-1.1%), PowerGrid (-1.03%), Axis Bank (-0.81%), ITC (-0.68%) and TCS (-0.58%).
VRL Logistics surged 3.66 per cent and Gati Ltd 3.06 per cent after the logistics sector received infrastructure status by the government yesterday that will help it access loans on easier terms.
Asian stocks edged higher as investors took heart from further evidence of strength in the global economy, while the dollar hovered near a one-week high against its peers thanks to higher US yields and a floundering euro.
Gains on Wall Street overnight also helped MSCI’s broadest index of Asia-Pacific shares outside Japan rise 0.5 per cent and back towards a decade-high struck earlier this month.
US stocks rose on Monday, with Verizon boosting the telecoms sector after the stock got an upgrade, while a deal in semiconductors lifted high-performing tech shares.
The Dow Jones Industrial Average .DJI rose 72.09 points or 0.31 per cent to 23,430.33, the S&P 500 gained 3.29 points or 0.13 per cent to 2,582.14 and the Nasdaq Composite added 7.92 points or 0.12 per cent to 6,790.71.