Sensex regains 36,000 mark Nifty above 11,050 ahead of Budget

First Published 1, Feb 2018, 10:18 AM IST
Sensex regains 36000 mark Nifty above 11050 ahead of Budget
Highlights
  • The 30-share BSE index, which had lost 318.23 points in the previous two sessions, recovered 171.38 points, or 0.47 percent, to 36,136.40
  • Similarly, the NSE Nifty moved up 49.70 points, or 0.45 percent, to 11,077.40.

     

The benchmark BSE Sensex regained the 36,000-mark by rebounding over 171 points in opening trade as investors built up positions ahead of the Union budget to be unveiled by the finance minister today.
     

The 30-share BSE index, which had lost 318.23 points in the previous two sessions, recovered 171.38 points, or 0.47 percent, to 36,136.40.
     
Similarly, the NSE Nifty moved up 49.70 points, or 0.45 percent, to 11,077.40.
     
Fresh positions created by retail and domestic institutional investors on hopes of an investor-friendly and growth-oriented budget lifted the sentiment, brokers said. Besides, positive leads from other Asian markets, tracking overnight gains on the Wall Street following the Federal Reserve's decision to keep rates unchanged, influenced sentiments here, they said.
     
Capital goods, consumer durables and infrastructure stocks were lapped up, accounting for much of the gains. On the macro front, the growth of the eight core sectors slowed to a five-month low of 4 percent in December 2017 due to the negative performance of segments like coal and crude oil, official data showed yesterday.
     
In Asian trade, Hong Kong's Hang Seng was up 0.24 percent while Japan's Nikkei edged higher by 1.28 percent in early trade today. Shanghai Composite Index, however, shed 0.97 percent.
    
The US Dow Jones Industrial Average closed 0.28 percent
higher yesterday. 

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