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Sensex Rises Over 150 Points, Nifty Moves Above 11,750

May 22, 2019

Domestic stock markets started Wednesday's session on a higher note amid choppy trade in Asian peers. 

The S&P BSE Sensex rose as much as 190.42 points to 39,160.22 in early trade, and the NSE Nifty moved to 11,753.90, up 44.8 points from the previous close.

 he benchmark indexes advanced after swinging between gains and losses in the first few minutes of trade. At 9:18 am, the Sensex traded with a gain of 36.00 points - or 0.09 per cent - at 39,005.80, while the Nifty was down 24.25 points - or 0.21 per cent - at 11,684.85. 

 Top gainers on the 50-scrip index at the time were Bharat Petroleum, Indian Oil, Bharti Infratel, Britannia and Bharti Airtel, trading between 0.67 per cent and 1.64 per cent higher.

 Reliance Industries, ICICI Bank and Infosys contributed the most to the advances on Sensex.

 On the other hand, top laggards on the Nifty were Tech Mahindra, Indiabulls Housing Finance, Yes Bank, IndusInd Bank and HUL, trading with losses of between 1.36 per cent and 2.46 per cent.

 Equities in other Asian markets were on shaky ground amid worries about trade frictions between the world's two largest economies, the US and China. MSCI's broadest index of Asia-Pacific shares outside Japan moved in and out of the red and last stood little changed. Japan's Nikkei edged up 0.3 per cent.

 The Chinese markets, which have endured a volatile few months, started off on a cautious note. The Shanghai Composite Index was last down 0.1 per cent. Australian stocks gave up 0.1 per cent and South Korea's KOSPI fell 0.2 per cent.

 The S&P BSE Sensex and NSE Nifty 50 indexes had snapped a three-day winning streak the previous day. The Sensex and Nifty ended 0.97 per cent and 1 per cent lower respectively on Tuesday.

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