Business

Sensex up 86 points on rise in shares of auto, energy companies, Nifty up 52 points Sensex up 86 points on rise in shares of auto, energy companies, Nifty up 52 points

Photo:FILE

Sensex

Highlights

  • Indian markets opened on slightly positive levels amid mixed trend in Asian markets
  • The selling trend of foreign portfolio investors for three months has changed recently.
  • Rupee down by nine paise to close at Rs 74.24 per dollar (tentative)

Mumbai. The BSE Sensex on Monday managed to gain 85 points on the back of continued gains in auto, IT, energy and FMCG companies amid strong trend in European markets. The Sensex closed at 61,308.91 points, up 85.88 points, or 0.14 per cent, in a largely confined trading session. On the other hand, the Nifty of the National Stock Exchange closed at 18,308.10, up 52.35 points, or 0.29 per cent.

UltraTech Cement was the top gainer among the Sensex companies, up nearly three per cent. Mahindra & Mahindra, Maruti Suzuki, Tata Steel, TCS, L&T, SBI and HUL were also gainers. On the other hand, shares of HCL Tech, HDFC Bank, Axis Bank, Tech Mahindra, PowerGrid and Sun Pharma have 5.

A decline of up to 89 percent was registered. Narendra Solanki, Head of Equity Research, Anand Rathi Shares and Stock Brokers firm said, “Indian markets opened in a slightly positive manner amid a mixed trend in Asian markets. In the afternoon session, the markets got some strength as the three-month-long selling trend of foreign portfolio investors has changed recently. However, gains were limited due to poor performance by financial, IT and health care companies.

Rupee closed with a fall

The rupee declined by nine paise to close at 74.24 per dollar (provisional) against the US dollar. Talking about other Asian markets, markets closed with gains in Shanghai and Tokyo, while they were in losses in Hong Kong and Seoul. European stock markets were trading with gains in the afternoon session. Meanwhile, Brent crude, the international oil standard, fell 0.26 per cent to $85.84 per barrel. Foreign institutional investors sold shares worth Rs 1,598.20 crore on Friday, according to stock exchange data.

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