Sensex opens on positive note, rises nearly 200 points in early morning trade
Business | November 28, 2018 10:20 ISTThe NSE Nifty too witnessed similar movement, and was trading 35.20 points, or 0.35 per cent, higher at 10,725.60.
The NSE Nifty too witnessed similar movement, and was trading 35.20 points, or 0.35 per cent, higher at 10,725.60.
The 30-share Sensex opened on a strong footing at 35,287.49 and advanced to scale a high of 35,333.22 in line with a firming trend at other Asian markets and fresh inflows of funds by foreign investors.
The rupee on Monday had slumped to new record low of 72.67 a dollar in intra-day trade before closing at 72.45.
The Sensex is trading at 38,238.25 points up by 80.33 points or 0.21 per cent from its Tuesday's close at 38,157.92 points.
The 30-share BSE index also logged its weakest closing in over two weeks by falling 155 points to 38,157.92, following a widespread selling mainly in sectors like consumer durables, financials and banks.
The BSE Sensex rose by 202.52 points or 0.52 per cent to close at a fresh record high of 38,896.63 while the broader NSE Nifty advanced 46.55 points or 0.40 per cent to close above the 11,700 mark.
The BSE Sensex surged over 442 points to close at its life-time high of 38,694.11 and the broader NSE Nifty ended at a fresh record of 11,691.95, rising 134.85 points.
The broad-based NSE Nifty too closed at fresh record high of 11,356.50, up by 36.95 points or 0.33 per cent.
Investor sentiments were boosted after Goods and Services Tax on many items including electronic appliances were slashed on Saturday, analysts said.
The rupee fell seven paise to touch a record low of 69.12 against US dollar as markets opened on a cautious note in the wake of no-confidece motion against the Modi government.
The broad-based Nifty cracked below the 11,000-mark as 35 of its constituents closed in the red, led by Dr Reddy's, Tata Steel and Lupin.
The BSE Sensex, which opened strong at 34,932.49, fell immediately after RBI's policy announcement but soon recovered to touch the day's high of 35,230.54.
On a weekly basis, the barometer 30-scrip Sensitive Index (Sensex) of the BSE slipped by 131.14 points or 0.39 per cent to close at 33,176 points.
The Sensitive Index (Sensex) of the BSE, which had closed at 34,082.71 points on Wednesday, opened higher at 34,208.11 points.
The BSE opened lower by over 1,000 points or 2.90 per cent from Monday's close. The wider Nifty50 of the National Stock Exchange receded deep into the red. It plunged by over 300 points or 3.00 per cent.
According to market observers, expectation of sops from the Union Budget 2018-19, along with healthy buying in auto, metals and banking stocks, lifted investors risk-taking appetite.
NSE benchmark Nifty shed 102 points on Tuesday to end at a one-week low of 10,350 on widespread profit booking amid fears of rising inflation due to a spurt in oil prices.
Sensex climbed over 500 points to hit a life-time high of 33,117.33 in the opening trade, while Nifty scaled the historic 10,340.55 mark as bank stocks rallied after government's recapitalisation plan.
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