Sensex rebounds over 150 points in opening trade

Sensex rebounds over 150 points in opening trade

PTIUpdated: Wednesday, May 29, 2019, 06:27 AM IST
article-image

Mumbai: The BSE Sensex rebounded over 150 points in opening trade Thursday on value-buying in select bluechip stocks, recovery in rupee and fall in global crude oil prices, but pared some gains on mixed Asian trend. The 30-share BSE index recovered by 164.46 points, or 0.43 per cent, to 38,182.77 in opening trade. It, however, lost some steam and was trading 48.46 points, or 0.13 per cent, higher at 38,066.87 at 0940 hrs.

The NSE Nifty was up 5.20 points, or 0.05 per cent, at 11,482.15. Sectoral indices, including realty, metal, healthcare, consumer durables, PSU, FMCG and capital goods were trading in the positive zone by rising up to 1.39 per cent. The Sensex had lost 878.32 points in the previous six sessions as rupee slumped to a record low of 71.97 (intra-day) amid trade US-China trade spat and concerns over rising global crude prices.

The rupee recovered from its record low by rising 9 paise to 71.66 against the dollar at the forex market today. The domestic unit had closed at record low of 71.75 after scaling intra-day record low of 71.97 Wednesday. Major gainers were Coal India, PowerGrid, HUL, Tata Motors, Sun Pharma, Kotak Bank, Yes Bank, Asian Paint, Tata Steel, Wipro, SBI and RIL, rising up to 1.46 per cent.

While, Bharti Airtel, TCS, HDFC Bank, Axis Bank and HDFC were among the top losers, falling up to 0.64 per cent. Domestic institutional investors (DIIs) made purchases worth a net of Rs 176.95 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 383.67 crore Wednesday, as per provisional data.

Overseas, most Asian shares were trading mixed, tracking higher closing in the US market overnight. Shanghai Composite Index was up by 0.18 per cent, Hong Kong’s Hang Seng shed 0.49 per cent. Japan’s Nikkei too shed 0.23 per cent. The US Dow Jones Industrial Average ended 0.09 per cent higher Wednesday.

RECENT STORIES

Flyers With Credit Cards Can Now Access Adani Airport Lounges Without Extra Registration

Flyers With Credit Cards Can Now Access Adani Airport Lounges Without Extra Registration

Gold Jumps ₹450 To ₹99,620/10 Grams; Silver Rallies ₹1,000

Gold Jumps ₹450 To ₹99,620/10 Grams; Silver Rallies ₹1,000

Tech Layoffs in 2025: Microsoft, Google, Intel, Infosys Reduce Workforce

Tech Layoffs in 2025: Microsoft, Google, Intel, Infosys Reduce Workforce

India May Be Subject To Lower US Tariffs Compared To APAC Nations: Moody's

India May Be Subject To Lower US Tariffs Compared To APAC Nations: Moody's

Reliance Retail Picks Stake In FACEGYM, Plans India Launch Via Tira To Boost Beauty And Wellness...

Reliance Retail Picks Stake In FACEGYM, Plans India Launch Via Tira To Boost Beauty And Wellness...