Sensex surges 78 points, Nifty reclaims 9,300 mark in early trade amid positive cues from Asian Markets

Updated On : 08 May , 2017 , 10:54 AM
Sensex - File Photo
Sensex - File Photo
New Delhi:

Sensex surged over 78 points and the NSE Nifty reclaimed the 9,300-mark in early trade on Monday on the back of widespread gains following a firm trend in Asia.

The 30-share index was trading higher by 78.22 points, or 0.26 per cent, at 29,937.02 with all the sectoral indices led by consumer durables, auto, capital goods and healthcare, trading in the positive terrain by gaining up to 0.66 per cent.

The gauge had lost 267.41 points in the previous session on Friday on global weakness due to a renewed slide in crude oil prices. Meanwhile, the NSE Nifty regained the 9,300-mark by rising 24.05 points, or 0.26 per cent, to trade at at 9,309.35.

Traders said buying activity picked up as positive cues started emerging from other Asian bourses following a Wall Street rally at the close of last week. Investors also cheered centrist Emmanuel Macron's victory over anti-EU Marine Le Pen in France's presidential election, which influenced sentiment.

Major gainers that supported the key indices included ICICI Bank, Hero MotoCorp, ONGC, TCS, NTPC, Lupin, Asian Paints, Infosys, Coal India and Maruti Suzuki. The stocks roseby up to 1.49 per cent.

Globally, Japan's Nikkei was up 1.80 per cent, while Hong Kong's Hang Seng rose 0.36 per cent in early trade. China's Shanghai Composite index, however, shed 0.81 per cent. The US Dow Jones Industrial Average ended 0.26 per cent higher in Friday's trade. 

First Published : Monday, May 08, 2017 10:47 AM

POPULAR TAGS:

For all the latest Business News Download the News Nation Mobile App available on Android and iOS.