Sensex expands its earnings in the hectic trade; Up to 132 pts despite weak macroeconomic data



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Mumbai: BSE Sensex, the benchmark, extended its gains for the second day in a row, gaining 132 points on Monday, thanks to sustained purchases from domestic institutional investors, despite disappointing macro-economic data and uninterrupted outflows from foreign funds. .

The Nifty NSE index finished above the 10,500 mark.

Investors, however, remained cautious due to the new rupee weakness related to higher crude oil prices and the moderate trend of other Asian markets, following concerns over Sino-US trade disputes, slowdown the Chinese economy and signs of tightening monetary policy. the US Federal Reserve.
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The rupee again crossed the bar of 74 marks against the US dollar to settle at 74.05 (during the day) on the foreign exchange market.
The international benchmark, Brent, rose 0.98% to 81.79 USD per barrel.

At the same time, inflation based on wholesale prices reached its highest level in two months, reaching 5.13% in September, mainly due to the hardening of food prices and rising costs. of gasoline and diesel, according to data released Monday.

Industrial production slipped to its lowest level in three months, at 4.3% in August, while retail sales inflation edged up to 3.77% in September, according to reports. data published by the Central Bureau of Statistics (CSO) on Friday.

The barometer of 30 stocks, which had gained 732.47 points, its biggest gain in a day in 19 months on Friday, has recovered the bar of 35,000 points to reach a high of 35,008.65 at the beginning thanks to sustained purchases by the DII, but has been restless and slipped into the negative zone touching a minimum of 34,559.98.

Finally, it stood at 34,865.10 points, an increase of 0.38%, up 131.52 points, largely due to gains in the health care and technology sector. of information.

In the same order of ideas, the Nifty NSE index was up 40 points, or 0.38%, to 10,512.50. In one day, he shuttled between 10,526.30 and 10,410.15.

At the same time, National Institutional Investors (IIP) bought shares with a net worth of 1,287 crores, while foreign portfolio investors (REITs) sold shares for an amount of 1,322 crores on Friday, according to provisional data.

| Edited by: Parth Sharma

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