Markets Shed Gains; Sensex in Green at 34,884, Nifty in Red
Mumbai, December 11: Key Indian equity domestic indices- BSE Sensex and NSE Nifty opened on a positive note during early morning trade on Monday. Benchmark Sensex was up by over 146 points or 0.44% to 33,397.09 while the wider Nifty was up by over 42 points or 0.42% to 10,308.50. The Indian rupee opened flat at 64.45 per dollar on Monday. The home currency has closed at 64.45 per dollar on Friday.
At 11.30 AM: Markets continued to trade in green. Sensex was up by over 102 points or 0.31% to 33,352.72 while the wider Nifty was up by over 26 points or 0.26% to 10,292.60. The major gainers during early morning trade were Bharti Airtel, Axis Bank, SBI, Wipro, ITC Ltd, Tata Steel, Maruti Suzuki, HDFC Ltd, Lupin, Tata Motors, Coal India and Sun Pharma, rising up to 1.73 per cent.
At 10.30 AM: Sensex was up by over 160 points or 0.48% to 33,410.39 while the wider Nifty jumped by 46 points or 0.45% to 10,311.90 on continuous buying by domestic institutional investors amid strong global leads. Reports state that Domestic institutional investors (DIIs) bought shares worth Rs 1,243 crore on Friday, as per provisional data.
During the pre-opening session, Sensex surged 100 points while the wider Nifty traded above 10,300 mark. On Friday, markets ended on a positive note. The Sensex jumped 301 points or 0.91% to 33,250.30 while the wider Nifty zoomed to 98 points or 0.97% to 10,265.65.
In the last week, Sensex rebounded 417.36 points for the week to reclaim 33,000-level to finish at 33,250.30, while the broader Nifty ended above the key 10,250-level to conclude at 10,265.65. The largely under selling pressure trading sessions saw the bulls finally winning the battle lifted due to fundamental strength in the Indian market.