Sensex jumps 250 points, Nifty reclaims 12,100; Reliance Power dips 3%
New Delhi: The benchmark Sensex soared over 250 points in the opening session on Wednesday (January 29), taking cues from the bounce back in global trade, lifted by gains in metal, auto, IT and energy stocks. The 30-share BSE index was trading 250 points or 0.52 per cent higher at 41,240. Similarly, the broader NSE jumped 76 points, or 0.6 per cent, at 12,130 levels.
In the Sensex group, Tata Steel was the top gainer, rising more than 2 per cent, followed by Infosys, M&M, Bharti Airtel, Maruti and Hero MotoCorp. On the other hand, TCS and HDFC slipped in the red.
Reliance Power shares dropped 3.2 per cent to Rs 1.82 after YES Bank divested shares worth over Rs 5.7 crore in the beleaguered company through an open market deal. According to bulk deal data on the National Stock Exchange (NSE), a total of 3,02,59,855 shares, representing 1.07 per cent of the total shares of Reliance Power, were sold by the bank.
In the previous trading, the Sensex closed 0.46 per cent or 188.26 points lower at 40,966.86, while the Nifty50 settled the day 62.20 points, or 0.52 per cent, down at 12,060.25. The fallout coronavirus, weak Q3 earnings by firms weighed on investor sentiment.
Shares of TCS today plunged 1 per cent after the Economic Times reported that Tata Sons may bank on the company to clear adjusted gross revenue (AGR) dues. Tata Coffee soared 6 per cent after the company posted a 2.2 times jump in profit to Rs 24.90 crore, while revenue soared 7.7 per cent to Rs 501.40 crore.
Cummins India jumped 6 per cent after the company reported a profit of Rs 199.90 crore versus Rs 197.5 crore in the year-ago period.
Meanwhile, the Indian rupee opened higher by 10 paise at 71.23 per dollar on Wednesday against the previous close at 71.33.
