Sensex rises more than 100 points; Ingenious above 11,900
MUMBAI: EEB market reference sensex It rose more than 100 points in early trade on Friday led by gains in Infosys, HDFC and ITC twins amid positive global signals and a sustained influx of foreign funds. The 30-share index traded 136.83 points, or 0.34 percent, higher at 40,265.88, and the largest NSE Nifty advanced 33.90 points, or 0.29 percent, to 11,911.35.
Top gainers in the sensex pack included IndusInd Bank, Hero Motocorp Tech Mahindra, Tata Steel, ITC and Infosys, rising up to 2.68 per cent.
On the other hand, Bharti Airtel, Tata Motors, Yes Bank, TCS, RIL and SBI fell to 1.98 percent.
In the previous session, the 30-share sensex settled at 40,129.05, up by 77.18 points, or 0.19 per cent. The broader NSE Nifty too advanced 33.35 points, or 0.28 per cent, to close at 11,877.45.
Foreign institutional investors bought a crore of Rs 1,870.87 on the capital market on Thursday, while national institutional investors sold Rs 650.73 million, according to data available with the stock exchange.
Despite the specific positive increase in the shares in the index's heavyweights, gains in the benchmark indices were limited because investors' sentiment was affected by the weak publication of macroeconomic data after market hours. Thursday, operators said.
The production of eight central infrastructure industries contracted 5.2 percent in September, the lowest in the decade, indicating the severity of the economic slowdown.
The eight main sectors had expanded by 4.3% in September 2018, according to official data.
Globally, the stock exchanges in Shanghai, Hong Kong and Seoul were trading higher for optimism about the trade agreement between the United States and China, while those in Tokyo were in red.
On Wall Street, the stock exchanges ended Thursday with a mixed note after the US House of Representatives voted to approve the process to dismiss President Donald Trump, the third time in the history of the modern presidency.
The rupee, meanwhile, depreciated 4 paise against the US dollar to trade at 70.96 at the beginning of the session.
Brent futures, the world benchmark for oil, rose 0.07 percent to $ 59.66 per barrel.