Press Trust of India, Oct 16, 2019
Mumbai, Oct 16 (PTI) Equity benchmark BSE Sensex advanced over 150 points on Wednesday driven by gains in energy and banking stocks amid sustained fund inflow and positive cues from global equities.
The 30-share index was trading 158.41 points, or 0.41 per cent, higher at 38,664.50 at 0930 hours. Similarly, the broader NSE Nifty rose 50.75 points, or 0.44 per cent, to 11,479.05.
Top gainers in the Sensex pack included Bajaj Finance, Yes Bank, HDFC Bank, RIL, Tata Motors, Bajaj Auto, Tata Steel and ONGC, rising up to 3 per cent.
On the other hand, Vedanta, PowerGrid, ITC, Hero MotoCorp, M&M, Asian Paints, L&T and TCS fell up to 1.50 per cent.
In the previous session, the BSE barometer closed 291.62 points, or 0.76 per cent, higher at 38,506.09, while the Nifty rose 87.15 points, or 0.77 per cent, to settle at 11,428.30.
Foreign institutional investors (FIIs) continued to be net buyers in the capital market, infusing Rs 436.02 on Tuesday, and domestic institutional investors bought shares worth Rs 929.39 crore, data available with stock exchange showed.
Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo were trading on a positive note, while those in Shanghai were in the red.
Exchanges on Wall Street ended significantly higher on Tuesday amid positive news on the US-China trade front and hopes of a Brexit deal this week.
“News that the trade dispute between US and China is nearing the end has lifted global markets,” said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.
Further, domestic investors are pricing in the positive commentary from corporates this earnings season, he added.
Market experts are also of the view that the central bank will continue with its accommodative policy stance and may go for further rate cut in the policy review of December 2019, as retail inflation moved up in September.
According to traders, sustained domestic and foreign fund inflow has also boosted investor sentiment.
The rupee, meanwhile, depreciated 12 paise against its previous close to trade at 71.66 in early session.
Brent futures, the global oil benchmark, rose 0.26 per cent to USD 58.89 per barrel.
Registered Office: CoWrks, Level 3, Birla Centurion, Century Mill Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400030 Contact number: +91 2261779500 | CIN: U74140MH2015PTC264932
Compliance Officer: Ms. Mridula Iyengar Email: email@example.com
CoWrks, Level 3,
Birla Centurion, Century Mill Compound,
Pandurang Budhkar Marg, Worli, Mumbai - 400030
Contact number: +91 2261779500
| CIN: U74999MH2017PTC302008 |
Real Estate Regulatory Authority License no. (A51900011805)
For any grievance or disputes please contact us at the above address and phone number or send us an email to firstname.lastname@example.org. In case you are not satisfied with the response, you may contact the stock exchanges directly: (NSE) Tel: +91 22 2659 8190 / 1800 2200 58 (Toll free) or Email: email@example.com; (BSE) Tel: +91 22 2272 809 or Email: firstname.lastname@example.org. NSDL https://www.epass.nsdl.com/complaints/websitecomplaints.aspx , Email: email@example.com or Click here to submit Complaint / Query online , Tel.: (022) 2499 4200 , Toll free (Investor Helpline): 1800 1020 990 / 1800 224 430
Filing complaints on SCORES – Easy & Quick a. Register on SCORES portal b. Mandatory details for filing complaints on SCORES I. Name, PAN, Address, Mobile Number, E-mail ID c. Benefits: I. Effective communication II. Speedy redressal of the grievances
SCORES Website link : https://scores.gov.in/scores/Welcome.html | SCORES Mobile App (Android): https://play.google.com/store/apps/details?id=com.sebi.invedu | SCORES Mobile App (IOS): https://apps.apple.com/in/app/sebiscores/id1493257302
Trading and investments in Securities are subject to market risk, there is no assurance or guarantee of returns. Please read the PMS Disclosure Document, Risk Disclosure Document and Dos and Don’ts prescribed by the Exchanges and Mutual Fund Offer Documents carefully before investing
Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No need to worry about the refund either, as the money remains in the investor’s account. Prevent Unauthorized Transactions in your demat and broking account −> Update your mobile numbers/email IDs with your stock brokers and depository participants. Receive information of your transactions directly from Exchange & NSDL on your mobile/email at the end of the day..... Issued in the interest of Investors. (Ref Circular No : NSE/INSP/27346, BSE/ 20140822-30, NSDL 2014/94/97 & 2015 / 104). KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.