Sensex ends higher for 8th day, Nifty settles above 10500

Sensex ends higher for 8th day, Nifty settles above 10500

Equity benchmarks opened on a negative note on Monday, with Sensex falling almost 300 points to crack below the 34,000-mark amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

The BSE Senex had gained 1,173.88 points in the previous seven sessions.

Among BSE sectoral indices, IT index fell the most by 1.03%, followed by TECk 0.9%, oil & gas 0.6% and consumer durables 0.3%.

BSE Sensex zoomed over 112.78 points at 34,305.43 and the NSE Nifty climbed 47.75 points to 10,528.35.

Infosys share price tanked sharply, slipping 6 per cent after the company reported 28.2 per cent fall in net profit at Rs 3,690 crore in Q4 on consolidated basis, in-line with expectations, as against Rs 5,129 crore reported in the December quarter of FY18.

However, bourses pared some losses on account of buying in select pharma, FMCG and financial stocks.

Other major losers were Tata Motors, Axis Bank, Tata Steel, ONGC, Reliance, and Bharti Airtel, falling by up to 2.71%.

In other Asian markets, Hong Kong's Hang Seng shed 1.44 percent, while Shanghai Composite Index was 1.05 percent down in early trade. EMini futures for the S&P 500 nudged up 0.38 percent, while Japan's Nikkei added 0.2 percent.

U.S. stocks fell last Friday as weakness in shares of banks and finance firms added to the political and trade tensions weighing on the market.

The BSE Midcap and the BSE Smallcap indices were fell by 0.12% and 0.04%, respectively.

The wider Nifty50 closed higher by 41.50 points or 0.40 per cent to 10,458.65 points, while the Sensex closed at 34,192.65 points, up 91.52 points or 0.27 per cent.

Related Articles