Sensex jumps 309.91 points in early trade; Sent over 16,700

Benchmark Sensex and Nifty indices rose in opening trade on March 14, helped by strong buying at IT counters amid a mixed trend in Asian markets.

The BSE benchmark Sensex rose by 309.91 points to 55,860.21 for the fifth consecutive month. Similarly, the broader NSE Nifty was also up 72.1 points to 16,702.55.

In the 30-stock Sensex package, the biggest gainers were Infosys, HDFC Bank, Tech Mahindra, Wipro and State Bank of India.

In contrast, Hindustan included Unilever Limited, Mahindra & Mahindra, Bajaj Finance and Dr. Reddy’s Laboratories on the laggards.

On Friday, the 30-stock BSE Sensex settled 85.91 points or 0.15% higher at 55,550.30. The broader NSE Nifty gained 35.55 points, or 0.21%, to close at 16,630.45.

Hong Kong and Shanghai stock exchanges traded lower while Tokyo traded higher during mid-session deals.

Stock exchanges in the US traded lower on March 11th.

Meanwhile, international oil benchmark Brent fell 2.73% to $109.7 a barrel.

Overseas institutional investors continued their selling spree in Indian markets as they sold ₹2,263.90 crore of shares on a net basis on March 11, according to stock market data.

“As the new week begins, investor sentiment will again shift towards the ongoing dispute between Ukraine and Russia,” said Mohit Nigam, Head – PMS, Hem Securities.

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said: “This week’s most important event from a market perspective would be the outcome of the Fed meeting, which is expected on Wednesday.”

Leave a Reply

Your email address will not be published. Required fields are marked *