Sensex rises over 300 points in opening trade; Nifty tops 18,200

MUMBAI: Equity benchmark Sensex rose over 300 points in early trade on Tuesday, tracking gains in index heavyweights Reliance Industries, HDFC Bank and Tech Mahindra amid strong quarterly earnings and a positive trend in global markets.

The 30-share index was trading 318.7 points or 0.52 per cent higher at 61,285.75 in opening deals. Similarly, the Nifty rose 93.75 points or 0.52 per cent to reach 18,219.15.

Tech Mahindra was the top gainer in the Sensex pack, rallying over 6 per cent, after the software exporter reported a 26 per cent rise in the September quarter to Rs 1,338.7 crore.

Bharti Airtel, Bajaj Finance, Tata Steel, L&T, ITC and SBI were also trading with gains.

On the other hand, ICICI Bank, Axis Bank, PowerGrid, HUL and Dr Reddy’s were among the laggards.

In the previous session, the 30-share index was up 145.43 points or 0.24 per cent at 60,967.05 and the Nifty was up 10.50 points or 0.06 per cent at 18,125.40.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 2,459.10 crore on Monday, according to exchange data.

Elsewhere in Asia, shares in Shanghai, Tokyo and Seoul were trading with gains in mid-session deals, while Hong Kong was in the red.

Stock exchanges in the US ended on a positive note in the overnight session.

Meanwhile, international oil benchmark Brent crude rose 0.15 per cent to $85.30 a barrel.

By Naveen Bharat Staff



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