INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Tracking gains in Asian markets, Indian equity indices opened on a firm note on Monday
Rupee's rise and sustained FII inflows supported the investor sentiment.
Asian shares started on a firm footing on Monday and the dollar
eased as risk appetite was whetted by better-than-expected data from China that helped boost confidence
MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.1 per cent while Japan's Nikkei jumped 1.3 per cent to the highest
Around 9.20 am, BSE benchmark Sensex was trading 63.90 points up 0.16 per cent higher at 38,831
Meanwhile, NSE Nifty was up 13.20 points, or 0.11 per cent at 11,656.65.
In the 30-pack Sensex, 25 stocks traded in the green while only
TCS rose 3.44 per cent to emerge the biggest index gainer on better-than-expected fourth quarter earnings
Other players in the green zone were -- Tata Motors, coal india, HCL tech, HeroMotoCo and Tata Steel
On the other hand, Infosys was the biggest loser, shedding 3.06 per cent after it guided for lower profits in FY20, mirroring the 4 per
cent fall in its American Depository Receipts (ADRs) on Friday
Bharti Airtel, Maruti, ONGC, HDFC and MM were other stocks that joined Infosys on the loserboard.
BSE Midcap and BSE Smallcap gained in line
with Sensex, rising 0.32 per cent and 0.50 per cent respectively.
On the BSE sectoral front, barring telecom, utilities and oil gas, all
other sectors were trading higher
BSe metal was the biggest gainer, rising 1.43 per cent lead by metal heavyweights such as Coal India, Tata Steel and Hindalco.
Meanwhile,
foreign portfolio investors (FPIs) bought Rs 897.45 crore worth of domestic stocks on Friday, data available with NSE suggested
DIIs were net sellers to the tune of Rs 15.99 crore
