Breaking |

Breaking |

Sensex regains 36,000 mark Nifty above 11,050 ahead of Budget
Published : Feb 1, 2018, 11:39 am IST
Updated : Feb 1, 2018, 11:39 am IST
SHARE ARTICLE

Mumbai: The benchmark BSE Sensex regained the 36,000-mark by rebounding over 171 points in opening trade as investors built up positions ahead of the Union budget to be unveiled by the finance minister today.   

The 30-share BSE index, which had lost 318.23 points in the previous two sessions, recovered 171.38 points, or 0.47 per cent, to 36,136.40. Similarly, the NSE Nifty moved up 49.70 points, or 0.45 per cent, to 11,077.40.   

Advertisement


Fresh positions created by retail and domestic institutional investors on hopes of an investor-friendly and growth-oriented budget lifted the sentiment, brokers said.    

Besides, positive leads from other Asian markets, tracking overnight gains on the Wall Street following the Federal Reserve's decision to keep rates unchanged, influenced sentiments here, they said.    

Advertisement

Capital goods, consumer durables and infrastructure stocks were lapped up, accounting for much of the gains.  


On the macro front, growth of the eight core sectors slowed to a five-month low of 4 per cent in December 2017 due to negative performance of segments like coal and crude oil, official data showed yesterday.    

Advertisement

In Asian trade, Hong Kong's Hang Seng was up 0.24 per cent while Japan's Nikkei edged higher by 1.28 per cent in early trade today. Shanghai Composite Index, however, shed 0.97 per cent.  

The US Dow Jones Industrial Average closed 0.28 per cent higher yesterday. PTI

Advertisement

SHARE ARTICLE
Advertisement
Advertisement

The term \"sister of terrorists\" became a focal point of controversy

14 May 2025 8:17 PM

12th class results LIVE: Girls bring glory to Punjab

14 May 2025 7:13 PM

​Police conducted an encounter in Amritsar, demanding ransom from the showroom owner

14 May 2025 7:07 PM

Pakistan attacked again, heavy shelling continues, are you safe?

09 May 2025 8:27 PM

Terror Hub in Pakistan Destroyed in Airstrike

08 May 2025 12:41 PM

Israel Expresses Strong Support for India; No Place for Terrorists

07 May 2025 12:13 PM
Advertisement