Sensex jumps over 200 points in opening trade, NIFTY opens 50 points higher

New Delhi, News Nation Bureau | Updated : 01 July 2019, 10:00 AM
The investors were waiting for Union Budget 2019, scheduled to be announced on July 5. (Representational Image/PTI)
The investors were waiting for Union Budget 2019, scheduled to be announced on July 5. (Representational Image/PTI)

Domestic equity benchmark BSE Sensex rose over 200 points in early morning trade on Monday amid global cues, while investors wait for Union Budget 2019, scheduled to be announced on July 5. The 30-share index was trading 223 points or 0.57 per cent higher at 39,618.17 at 09:40 am. The broader NSE NIFTY was quoting 55.90 points or 0.47 per cent, up at 11,844.75.

Top gainers in the Sensex pack included Tata Steel, NTPC, Bajaj Auto, HDFC Bank, Axis Bank, Tata Motors, L&T, ONGC, while Maruti, HCLTECH, Yes Bank, SBI and Bharti Airtel were among the top losers.

According to experts, the investors were holding on ahead of the Union Budget 2019. The equities are also rallying globally as investors hope for progress in US-North Korea ties following Donald Trump and Kim Jong-un’s meeting on Sunday.

On Friday, the equity benchmarks had a choppy session with the 30-share BSE Sensex ending 191.77 points, or 0.48 per cent, lower at 39,394.64, dragged by index heavyweights RIL, HDFC Bank, ICICI Bank and TCS. The broader NSE Nifty fell 52.70 points, or 0.45 per cent, to end at 11,788.85.

During the last week, the Sensex rose 200.15 points or 0.51 per cent, while Nifty gained 64.75 points or 0.55 per cent. Sectorally, the BSE energy, metal, telecom, basic materials, oil and gas, bankex and auto indices fell up to 1.52 per cent.

First Published: Monday, July 01, 2019 09:34 AM
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