Sensex, Nifty struggle; TCS, Bharti Airtel among top losers

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Mumbai: The benchmark BSE Sensex rose over 65 points in early trade Friday following value-based buying in auto, oil & gas, and metal sectors amid positive trend at other Asian markets and rising rupee. The 30-share index was trading 68.58 points, or 0.19%, higher at 36,175.08. The gauge opened on a positive note and touched a high of 36,214.26 in morning trade. The NSE Nifty too witnessed similar movement, and was trading 17.65 points, or 0.16%, up at 10,839.25.

Sensex, Nifty struggle; TCS, Bharti Airtel among top losers

On Thursday, the Sensex settled 106.41 points, or 0.29 per cent, down at 36,106.50, while the broader NSE Nifty fell 33.55 points, or 0.31%, to finish at 10,821.60. Top gainers at the BSE include HDFC, ONGC, ITC, Sun Pharma, HDFC Bank, Reliance, Asian Paints, HUL and Tata Steel.

Top losers included TCS, Bharti Airtel, HCL Tech, M&M, L&T, Indusind Bank and Powergrid.

TCS fell 2.21% to Rs 1,846.50 after it reported 24.1 per cent growth in net profit at Rs 8,105 crore for the quarter ended December 2018. On the macro front, the rupee appreciated by 7 paise to 70.34 against the US dollar in opening trade.

Brent crude futures were trading 0.21% lower at $61.55 per barrel.

Elsewhere in Asia, Japan’s Nikkei rose 0.81% and Shanghai Composite Index up 0.11%, while Korea’s Kospi surged 0.38%.

source: livemint

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