Sensex rises more than 100 pts; HDFC Bank, RIL lead earnings
Mumbai, October 18 () The BSE Sensex equity benchmark index rose more than 100 points in early trading on Friday amid gains in the HDFC Bank and RIL heavyweight index amid a sustained influx of foreign funds.
The 30-share index traded 122.21 points, or 0.31 percent, higher at 39,174.27 in the morning trade. The broader NIF NSE advances 32.30 points, or 0.28 percent, to 11,618.65.
The main winners in the Sensex package included Yes Bank, Vedanta, Hero MotoCorp, PowerGrid, L&T, Bajaj Finance and HDFC Bank, which increased up to 3 percent.
Reliance Industries' share also advanced up to 1 percent ahead of its quarterly earnings, which will be announced later in the day.
On the other hand, Bharti Airtel, Infosys, IndusInd Bank, HCL Tech, Asian Paints and Bajaj Auto fell to 1 percent.
In the previous session, the BSE Sensex of 30 shares increased to 453.07 points, or 1.17 percent, higher by 39.052.06. The wider Nifty NSE also increased 122.35 points, or 1.07 percent, to settle at 11,586.35.
According to experts, Indian markets also expanded their profits partly due to buoyant world markets, in the back of the Brexit news, and partly due to gains in the field that are arriving better than expected.
Investor sentiment is also optimistic after Finance Minister Nirmala Sitharaman hinted at a new stimulus in fiscal year 20, they said.
Foreign institutional investors (FII) continued to be net buyers in the capital market, infusing Rs 1,158.63 rupees on Thursday, while domestic institutional investors sold shares worth Rs 511.76 rupees, according to the data available in stock.
In other parts of Asia, exchanges in Hong Kong, Shanghai and Seoul were traded in red, while those in Tokyo in green.
US markets ended up on Thursday.
Brent futures, the world benchmark for oil, fell 0.48 percent to USD 59.62 per barrel. The rupee, meanwhile, depreciated 3 countries against the US dollar to quote at 71.19 at the beginning of the session. ANS ANS