Monday, 24 September, 2018

Sensex, Nifty trade volatile; Midcap underperforms

The BSE Sensex gauge had lost 261.04 points in the previous two sessions The BSE Sensex gauge had lost 261.04 points in the previous two sessions
Jodi Jackson | 09 May, 2018, 01:01

The broader NSE Nifty too ended marginally higher, up 2.30 points or 0.02% at 10,717.80.

It finally settled 8.18 points or 0.02 per cent higher at 35,216.32.

The BSE Sensex advanced about 181 points in early session on Tuesday, maintaining its positive form for the second straight day on unabated buying by domestic institutional investors amid positive leads from Asian markets following overnight gains on the Wall Street.

At 9.22 a.m, the Sensex was trading up 105.40 points or 0.30% at 35,313.54 with 18 components gaining. Shares in ICICI Bank, which had reported earnings the previous day, rose almost 7 per cent.

On the NSE, the top gainers were ICICI Bank, Hindustan Petroleum and Eicher Motors.

Around 12:35 pm (IST), the BSE Smallcap index was 0.31 per cent up at 18,148, while the BSE Sensex was 0.18 per cent up at 35,273. The major losers were Mahindra and Mahindra, Larsen and Toubro and Infosys.

The index had rallied 292.76 points in the previous session.

In the domestic market, on Friday, investors bought shares worth a net Rs 1,084.09 crore, while foreign portfolio investors sold shares worth Rs 1,628.23 crore, according to provisional data.

Asian shares were mixed despite the strong closing on Wall Street as investors digested last weeks trade talks and U.S. jobs numbers.

Oil prices retreated from three and a half-year highs as investors waited on an announcement by President Donald Trump on whether the USA will re-impose sanctions on Iran.

The US Dow Jones Industrial average ended 0.39 percent high in yesterday's trade.

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