Sensex Gains Over 100 Points, Nifty Above 10,900: 10 Things To Know
- The gains on Dalal Street were led by buying in auto and financial services stocks.
- At 11:25 am, the 30-share benchmark index traded 93.40 points or 0.26 per cent higher at 36,414.69, and the Nifty was at 10,919.70, up 29.40Â points or 0.27Â per cent from the previous close.
- Top advancers on the 50-scrip index were Hindustan Petroleum, Bharti Infratel, Indian Oil Corporation, GAIL India and TCS, trading between 1.41 and 2.10 per cent higher.Â
- Analysts will watch quarterly earnings reports by Reliance Industries and HUL due later in the day.
- "Focus is naturally on stocks that are due to post results. We continue to remain in a broad range," said Arun Kejriwal, founder of advisory firm Kejriwal Research.
- Stock-specific movement is expected in next few sessions, say analysts.
- According to Viral Berawala, CIO, Essel Mutual Fund, global market participants would wait for the interim budget before allocating fresh flows to India.Â
- Meanwhile, broader Asian markets were little changed as worries over China's economic outlook were pacified by British Prime Minister Theresa May's overnight confidence vote win over Brexit.
- Fresh news was thin on the ground leaving MSCI's broadest index of Asia-Pacific shares outside Japan up a slight 0.2 per cent
- On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 90.10 crore on Wednesday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 304.27 crore, provisional data available with BSE showed.  Â
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