Sensex builds on gains, rises 131 points on earnings, Asian cues

The benchmark BSE Sensex rose by about 131 points in early trade today, extending gains for the third session on continued foreign fund inflows amid encouraging quarterly results.

Besides, a firm trend at other Asian bourses influenced the sentiments here.

The 30-share index rose 130.58 points, or 0.37 %, to 35,390.87. Sectoral indices led by infrastructure, FMCG, healthcare, realty and banking were trading higher by up to 0.65 %.

The gauge had gained 489.24 points in the previous two sessions and yesterday closed at new peak of 35,260.29 after scaling an intra-day all-time high of 35,507.36.

The NSE Nifty too edged higher by 25.25 points, or 0.23 %, to 10,842.25. Yesterday, it had closed at record high of 10,817 and touched an intra-day high of 10,887.50.

Private sector lender Yes Bank emerged as top gainer in the Sensex kitty by rising 2.85 % after it reported 22 % rise in net profit at Rs 1,076.87 crore during the third quarter ended December 2017.

Reliance Industries was trading higher by 1.15 % ahead of earnings to be announced later in the day.

FIIs bought shares a worth ₹ 1,894.99 crore, while domstic institutional investors sold equities to the tune of ₹ 657.46 crore yesterday, according to provisional data.

Among other Asian markets, Japan’s Nikkei was trading higher by 0.31 %, while Hong Kong’s Hang Seng gained 0.07 % in their early deals. The Shanghai Composite index was up by 0.35 %.

The US Dow Jones Industrial Average ended 0.37 % lower in Thursday’s trade.

Bombay Stock Exchange - BSE

National Stock Exchange of India Ltd (NSE)