BSE Sensex rose over 86 points to 28,201.48 in early trade today following sustained buying by funds and investors after major car makers posted healthy sales growth in July even as other Asian markets turned weak in their opening trade.
The benchmark BSE Sensex ended 551 points and the NSE Nifty closed at 8361 on Monday amid concerns over stricter norms for participatory notes and slump in Chinese stock market.
Infosys posted 30.30 billion rupees ($475.85 million) in profit in the June quarter, up from 28.86 billion rupees a year ago.
The BSE index fell 0.13 percent and the NSE index dropped 0.16 percent.
Sensex regains crucial 28K-mark in afternoon trade.
BSE Sensex lost its early surge trading lower by 8.74 points while the broader Nifty failed to hold on to 8,400-mark amid selling and caution ahead of key CPI numbers due today.
BSE index extended its gains by 278 points, while Nifty reclaimed 8,300 mark in morning trade on Monday.
On Thursday, the rupee too slipped by 13 paise to close at 63.97 against the US dollar on fresh demand for the greenback from banks and importers.
“Deferral of China’s shares into MSCI index, strong global cues and stronger rupee lifted the sentiment,” said Gaurav Jain, Director at Hem Securities.
BSE Sensex today plunged by 245 points to 26,523.09 — its lowest in nearly eight months — on heavy selling in FMCG stocks amid prevailing drought fears and RBI’s cautions stance on economic recovery.
The BSE Sensex was trading in the negative terrain and was down over 300 points despite a repo rate cut announcement by the the Reserve Bank of India in its policy meeting.
The Sensex had hit a record high over 30,000 points earlier this year, but a sharp meltdown thereafter has brought it down to 27,643 points.
BSE Sensex closed at its highest level in nearly one month on Wednesday as blue chips advanced on resumption of buying by foreign investors.
Sensex rises 363 points or 1.3 per cent, Nifty surges 111 points or 1.35 per cent to close at 8,373.7.
It is important to note that the companies in the list are not small unknown companies but eight of them have a market cap of over Rs 10,000 crore.
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