Sensex rises 80 points despite weak GDP numbers
December 02, 2019 10:03
Market benchmark BSE Sensex appreciated by over 80 points in early trade on Monday despite headwinds in form of weak GDP numbers, sliding rupee and rising crude prices.
However, a rally in other asian stock markets supported the domestic market, dealers said. The 30-share index was trading 81.65 points, or 0.20 per cent, higher at 40,875.46 in morning session.
Similarly, the broader NSE Nifty was quoting 25.35 points, or 0.21 per cent, up at 12,081.40. Bharti Airtel emerged as the top gainer by surging 7.92 per cent after it announced to hike tariffs from December 3, followed by Reliance, Tata Motors, HUL, IndusInd Bank Axis Bank, Infosys and TCS. On the other hand, TechM was was the biggest loser (2.55 per cent) in the Sensex pack, followed by ONGC, Bajaj Finance, PowerGrid, Tata Steen and Sun pharma.
On Friday, the BSE benchmark Sensex plummeted 336.36 points or 0.82 per cent to close at 40,793.81. Likewise, the broader NSE Nifty also settled 95.10 points or 0.78 per cent down at 12,056.05. -- PTI
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