The 30-share Sensex on February 19, 2024, rose 23.96 factors or 0.03% to 72,450.60 factors, with 16 constituents buying and selling in the inexperienced.
| Photo Credit: Reuters
Sensex and Nifty gained marginally in early trade on February 19 as traders appeared to be in search of agency cues amid combined tendencies in the Asian markets.
The 30-share Sensex rose 23.96 factors or 0.03% to 72,450.60 factors, with 16 constituents buying and selling in the inexperienced. Bharti Airtel and Bajaj Finance climbed over 1%.
The broader Nifty inched up 32.35 factors or 0.15% to 22,073.05 factors and 26 scrips in the index have been in the optimistic territory.
Deepak Jasani, Head of Retail Research at HDFC Securities, stated Asian shares bought off to a sluggish begin on Monday as fading possibilities for early price cuts globally soured the temper, although traders are hoping China markets return from vacation with a spring in their step.
U.S. market will likely be closed on Monday on account of President’s Holiday. On Friday, U.S. shares closed in the crimson, with all three main indices logging weekly losses, as traders assessed inflation readings and firm earnings.
The key home fairness indices have made beneficial properties in the final 4 buying and selling classes, with Sensex rising 376.26 factors to shut at 72,426.64 factors on Friday whereas Nifty climbed 129.95 factors to finish the day at 22,040.70 factors.
On Friday, Foreign Portfolio Investors (FPIs) have been internet patrons as they bought securities price ₹253.28 crore, based on trade information.
Mr. Jasani additionally stated that the U.S. inventory market seems resilient in the face of hotter-than-anticipated inflation readings.
“Fourth-quarter earnings have come in a lot better than expected. Although U.S. inflation in January, as measured by the consumer-price index and producer-price index, was stronger than Wall Street expected, the trend is lower,” he added.
