Sensex begins FY19 on firm note, rises over 100 points
What's the story
Domestic equities opened on a firm note on the first trading day of the new financial year 2018-19 today, with Sensex reclaiming the 33,000-mark by rising over 100 points amid positive global cues. The 30-share BSE benchmark, which had lost 205.71 points in the last session of FY18 on Wednesday, rose 133.32 points, or 0.40%, to 33,102.00. Here's more.
The gains
Gains were led by auto, infrastructure, and other stocks
The gains were led by auto, infrastructure, oil & gas, capital goods, healthcare, IT and metal stocks. Auto stocks such as Tata Motors, Maruti Suzuki, M&M and Bajaj Auto rose up to 2.46%. Other gainers include Adani Ports, Dr. Reddy's, L&T, RIL, Yes Bank, Tata Steel, Kotak Bank, Infosys, HDFC, ONGC, Sun Pharma, SBI, and TCS that gained up to 1.51%.
Nifty
NSE Nifty too was trading over 10,150 points
In contrast, ICICI Bank, Coal India, Axis Bank, Asian Paint, Wipro and Hindustan Unilever were trading in the negative zone. Meanwhile, the broad-based NSE Nifty too was trading higher by 64.85 points, or 0.64%, to 10,178.55. Brokers said the beginning of the new financial year and April F&O series, amid positive Asian cues, boosted investor sentiment. In the Asian region, Japan's Nikkei rose 0.50%.