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Sensex rises 50 points, Nifty50 tests 11,500 on caution in Asian markets

Sun Pharma, Airtel, SBI, ITC and RIL were among the top gainers in Sensex kitty of stocks.

Updated: Mar 19, 2019, 09.50 AM IST
NEW DELHI: Headline indices Sensex and Nifty opened with healthy gains on Tuesday as investor sentiment remained positive on hopes of that the US Fed will sound dovish in its policy meet.

Rupee's gain against the US dollar, FPIs inflows and easing crude oil remained among other factors that underpinned the rally in the market.

Foreign portfolio investors (FPIs) bought Rs 1,822.99 crore worth of domestic stocks on Monday, data available with NSE suggested.

Even as the market is cheering the improved prospects of Narendra Modi-led NDA coming back to power after general elections 2019, an opinion poll by Times Now-VMR gave a boost to this anticipation.

The survey predicted the NDA to get 283 seats - 10 over the halfway mark - leaving the Congress-led UPA with only 135 seats.

After jumping nearly 150 points in opening deals, Sensex pared some gains and traded 58 points, or 0.15 per cent, up at 38,153, while Nifty was 14 points, or 0.12 per cebt, up at 11,476 around 9:30 am.

The BSE Midcap and Smallcap indices were 0.29 per cent and 0.31 per cent up, respectively, at that time.

Sun Pharma, Bharti Airtel, State Bank of India, ONGC, ITC and Reliance Industries were among the top gainers in the Sensex index.

On the other hand, Hero MotoCorp, Bajaj Auto, LArsen & Toubro, Vedanta, ICICI Bank and Tata Steel were among the top losers in the Sensex kitty.

Out of total 31 stocks (including Tata Motors DVR) in the Sensex pack, 17 were trading with gains and 14 were incurring losses.

Among the sectoral indices on BSE, capital goods, metal, auto and industrials were trading in the red.

In the 16-share BSE Auto pack, only four stocks - Balkrishna Industries, Mahindra & Mahindra, MRF and Bharat Forge - were in the green.

Hero MotCorp, Eicher Motors, Maruti, Bajaj Auto, TVS Motors and Tata Motors were among the top drag on the auto index.

In the metal pack, JSW Steel, Hindustan Zinc, Vedanta, Jindal Steel and Tata Steel were incurring losses.

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