Sensex up over 1%, Nifty above 10,350; ITC, Bharti Airtel, Infosys top gainers
12/03/2018 14:17

The domestic indices continue to trade over 1% higher on Monday taking cues from their key Asian counterparts.

Among sectoral indices, the Nifty FMCG index was trading over 2% higher on Monday afternoon led by a rise in the shares of United Spirits, ITC and Tata Global Beverages, while the Nifty IT index was up 1.5% as KPIT Technologies and HCL Technologies gained.

Globally, Asian stocks from Tokyo to Sydney gained as trade war concerns took a backseat to economic optimism following a US jobs report on Friday that showed that the American economy continued to strengthen without the prior month’s rapid wage gains that stoked inflation fears.

European equities opened higher as investors continue to digest a stronger-than-expected jobs report in the US. The pan-European Stoxx 600 was 0.23 percent higher with every sector trading in positive territory.

Back home, at 14:10 hours, BSE SENSEX was at 33718.29 up by 411.15 points or by 1.23 % and NSE Nifty was at 10354.35 up by 127.5 points or by 1.25 %.

The BSE Sensex touched intraday high of 33753.92 and intraday low of 33468.16. The NSE Nifty touched intraday high of 10368.95 and intraday low of 10295.45.

The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 417.85,+3.96%), ITC Ltd. (Rs. 269.30,+3.82%), Infosys Ltd. (Rs. 1187.95,+2.11%), Tata Motors Ltd. (Rs. 348.55,+2.00%), Hero MotoCorp Ltd. (Rs. 3656.25,+1.93%), among others.

The top losers of the BSE Sensex pack were Coal India Ltd. (Rs. 297.55,-2.35%), State Bank of India (Rs. 248.90,-1.68%), Power Grid Corporation of India Ltd. (Rs. 194.55,-0.15%), Dr. Reddy's Laboratories Ltd. (Rs. 2129.90,-0.03%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2925, shares advanced were 1297 while 1458 shares declined and 170 were unchanged.