Sensex rises 239 points to 38,939, Nifty also ends higher by 67 points

New Delhi, News Nation Bureau | Updated : 09 April 2019, 04:08 PM
Sensex rises 239 points to 38,939 (file photo)
Sensex rises 239 points to 38,939 (file photo)

Domestic equity benchmarks opened on a flat note on Tuesday ahead of the beginning of the earnings season and general elections but ended on a higher note at 38,939.22, up by 238.69 points.  The gauge had ended 161.70 points lower at 38,700.53 in the previous session.

Similarly, the NSE benchmark Nifty was trading 5.65 points, or 0.05 per cent, higher at 11,598.85 in early session but also ended positive by 67.445 points at 11,671.95. Top gainers in the Sensex pack include HCL Tech, Tata Motors, Vedanta, Reliance, TCS, Coal India, L&T, ICICI Bank, ITC and Bajaj Auto, rising up to 1.87 per cent.

Yes Bank was the biggest gainer in the Sensex pack, climbing 4.08 per cent, followed by Tata Motors, ICICI Bank, Bajaj Auto, Coal India, Hero MotoCorp, HCL Tech, Vedanta, Sun Pharma, Axis Bank, Maruti, ITC, IndusInd Bank, TCS, HUL and SBI, rising up to 2.67 per cent.

On the other hand, Asian Paints, Infosys, Bharti Airtel, Bajaj Finance and ONGC were the losers, shedding up to 3.54 per cent.

Foreign institutional investors (FIIs) purchased Rs 329.60 crore on Monday, while domestic institutional investors (DIIs) sold equities to the tune of Rs 623.81 crore, provisional data available with stock exchanges showed.

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According to experts, investors have turned cautious on rise in oil prices and sharp rally in the last couple of months leading to premium valuation of key indices. Additionally, general elections and start of Q4 earnings season is adding to the cautiousness.

Market may see some profit booking in the near-term given sharp run-up in markets, they added. Foreign institutional investors (FIIs) purchased Rs 329.60 crore Monday, while domestic institutional investors (DIIs) sold equities to the tune of Rs 623.81 crore, provisional data available with stock exchanges showed.

Meanwhile, the rupee depreciated by 8 paise to 69.73 against the US dollar in early trade Tuesday on increased demand for the US currency from importers.

Brent crude futures, the global oil benchmark, fell 0.13 per cent to trade at USD 71.19 per barrel. Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were trading flat.

(With inputs from PTI) 

First Published: Tuesday, April 09, 2019 03:47 PM
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