Sensex jumps over 200 points in early trade; ITC up 2 percent
Equity benchmark BSE Sensex rose over 200 points in early trade on Friday led by gains in index heavyweights Infosys, ITC, HDFC Bank, ICICI Bank and SBI, amid mixed domestic cues.
After hitting a high of 39,241.61, the 30-share index was trading 137.92 points, or 0.35 per cent, higher at 39,158.31 in morning trade, and the broader NSE Nifty advanced 31.25 points, or 0.27 per cent, to 11,613.85.
ITC was the top gainers in the Sensex pack, rising over 2 per cent, after the company reported a 37.06 per cent rise in consolidated net profit at Rs 4,173.72 crore for the second quarter ended September.
SBI, Infosys, ICICI Bank, Tata Steel, Asian Paints, HDFC Bank and Maruti too gained up to 2 per cent.
On the other hand, Tech Mahindra, Tata Motors, M&M, HCL Tech, ONGC, NTPC, Hero MotoCorp, HDFC and Bajaj Auto were among the top losers, shedding up to 2.5 per cent.
In the previous session on Thursday, the 30-share Sensex ended 38.44 points, or 0.10 per cent, lower at 39,020.39. The broader NSE Nifty slipped 21.50 points, or 0.19 per cent, to 11,582.60.
Foreign institutional investors (FIIs) were net sellers in the capital market, offloading Rs 72.87 crore on Thursday, while domestic institutional investors sold shares worth Rs 738.75 crore, data available with stock exchange showed.
According to experts, mixed news flow on the domestic front is likely to keep the market volatile throughout the day.