Sensex rises over 100 pts on sustained DII buying

17th January, 2019 11:02:32 printer

Mumbai: Extending gains for the third session, the BSE benchmark Sensex Thursday rose over 100 points tracking sustained buying by domestic institutional investors and positive global cues.

After rising 147 points, the 30-share index was trading 72.16 points, or 0.20 per cent, higher at 36,393.45 in early trade, reports PTI.

Similarly, the NSE Nifty rose 24.50 points, or 0.22 per cent, to 10,914.80.

On Wednesday, the Sensex settled 2.96 points, or 0.01 per cent, higher at 36,321.29, and the Nifty inched up 3.50 points, or 0.03 per cent, to 10,890.30. In morning session on Thursday, the biggest gainers in the Sensex pack were M&M, TCS, HDFC, PowerGrid, RIL, Maruti, Tata Motors and NTPC, rising up to 1.65 per cent.

While, Yes Bank, IndusInd Bank, ITC, HUL, Bharti Airtel and Infosys were the top losers, shedding up to 1.10 per cent.

According to Viral Berawala, CIO, Essel Mutual Fund, there would be stock-specific movement in next few days based on results, as global market participants would wait for the interim budget before allocating fresh flows to India.