Monday, December 06, 2021

Sensex gains 125 pts in early trade despite weak economic data

On similar lines, the NSE Nifty was up by 33.35 points, or 0.37 per cent, at 8,826.90 points.

By: PTI | Mumbai |
February 13, 2017 10:33:03 am
NIFTY, NIFTY rises, NIFTY rise, NSE NIFTY, NIFTY gains, gains, rise, NIFTY falls, NIFTY fall, india market, india economy, india business, business news, indian express The benchmark BSE Sensex extended gains for the third straight day by surging about 125 points, and the NSE Nifty again reclaimed the 8,800-level in early trade on Monday despite disappointing macroeconomic data. (Representational Image)

The benchmark BSE Sensex extended gains for the third straight day by surging about 125 points, and the NSE Nifty again reclaimed the 8,800-level in early trade on Monday despite disappointing macroeconomic data. The 30-share barometer, which had gained 44.33 points in the previous two straight sessions, was trading higher by 124.55 points, or 0.43 per cent, at 28,458.80, with power, metal, auto and capital goods stocks leading the gains.

WATCH WHAT ELSE IS IN THE NEWS

On similar lines, the NSE Nifty was up by 33.35 points, or 0.37 per cent, at 8,826.90 points.

Brokers said sentiment remained upbeat despite industrial production contracted to a four-month low of 0.4 per cent in December, with consumer durables output plummeting by over 10 per cent and overall decline in manufacturing, impacted by demonetisation.

They said a firm trend at other Asian markets following another record close at US markets on Friday and capital inflows by foreign funds in the domestic bourses supported the rally.

Globally, Hong Kong’s Hang Seng was up 0.61 per cent, Shanghai’s Composite index rose 0.45 per cent, while Japan’s Nikkei gained 0.54 per cent in their early trade.

The US Dow Jones Industrial Average ended 0.48 per cent higher on Friday.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
X