Sensex gains 200 points in afternoon trade, Nifty over 10,500
BSE benchmark Sensex surged over 200 points in afternoon trade today amid buying in most sectors, reflecting positive investor sentiment on strong macroeconomic numbers released yesterday. Buying was led by realty, healthcare, telecom, energy, banks, financials, tech and consumer durables sectors. Successive growth in four straight months in index of industrial production at 7.1% and moderation in CPI inflation to 4.28% lifted the sentiment.
Nifty index was trading over 10,500 level
Investors are looking forward to Infosys' earnings for the quarter four of financial year 2018, scheduled to be released later in the day. The 30-share index was trading higher at 34,304.38 at 12:30 pm, reflecting a gain of 203.25 points, or 0.60%. The broader Nifty 50 index was also trading above 10,500 level at 10,515.45, up 56.80 points or 0.56%.
Who were the major gainers?
Major gainers were Adani Ports, Kotak Bank, Dr.Reddy, Bajaj Auto, ICICI Bank, NTPC, Infosys. Asian markets were trading mixed. US stocks closed sharply higher yesterday, as geopolitical concerns appeared to fade after President Donald Trump tweeted that a military-strike on Syria may not be imminent.