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Reliance gains by 3.5%; stocks in positive zone

Sectoral indices at National Stock Exchange were mixed with Nifty auto down by 0.14% as financial services slipped by 0.21%
 

Reliance gains by 3.5%; stocks in positive zone
Author
Bengaluru, First Published Dec 2, 2019, 11:05 AM IST
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Mumbai: Equity benchmark indices traded slightly higher during early hours on Monday(December 2) following Asian stocks which were up on rise in manufacturing activity in China.

At 10:15 am, the BSE S&P Sensex edged higher by 97 points to 40,891 while the Nifty 50 inched up by 19 points at 12,075. But sectoral indices at the National Stock Exchange were mixed with Nifty auto down by 0.14% as financial services slipped by 0.21%.

Among stocks, Bharti Airtel jumped by 7.3% to Rs 474.90 per share while index heavyweight gained by 3.5% to Rs 1,605.60 apiece. Grasim showed a handsome gain of 4.2% while Zee Entertainment added by 2.1% and Bharti Infratel by 1.9%.

However, those which lost were Tech Mahindra, ONGC, Bajaj Finance, Eicher Motors and Dr Reddy's.

Meanwhile, Asian shares rose after upbeat China manufacturing surveys and as investors held to the broad view that a further escalation in US-China trade war can be avoided.

MSCI's index of Asia Pacific shares outside Japan gained by 0.46% to reclaim some of its loss on Friday while Japan's Nikkei jumped by 1.11%.

Mainland Chinese shares also went higher, with the blue-chip CSI 300 index rising by 0.59% from a three-month low hit on Friday (November 29).

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