Sensex, Nifty open higher on positive global cues
30/06/2020 09:56
Benchmark indices opened higher amid positive global cues, government's guidelines for second phase of Unlock and PM Narendra Modi's address to the nation at 4 pm.

On the global front, Asian shares rose on Tuesday after data showed China's manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis.

At 9:43 hours, the 30-share benchmark index was trading at 35157.95 up by 196.43 points or by 0.56 % and then NSE Nifty was at 10392.85 up by 80.45 points or by 0.78 % Sensex touched intraday high of 35233.91 and intraday low of 35108.5 The NSE Nifty touched intraday high of 10401.05 and intraday low of 10365.35

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 335.60,+4.47%), ICICI Bank Ltd. (Rs. 351.85,+2.54%), NTPC Ltd. (Rs. 96.85,+2.05%), Housing Development Finance Corporation Ltd. (Rs. 1775.15,+1.87%), Axis Bank Ltd. (Rs. 412.30,+1.87%), among others.

The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 725.40,-0.83%), Tata Consultancy Services Ltd. (Rs. 2085.00,-0.80%), Sun Pharmaceutical Industries Ltd. (Rs. 478.20,-0.75%), HDFC Bank Ltd. (Rs. 1070.70,-0.53%), Power Grid Corporation of India Ltd. (Rs. 178.05,-0.11%), among others.

Among the sectors, Metal index was at 7371.54 up by 168.44 points or by 2.34%. Steel Authority of India (SAIL) Ltd. (Rs. 31.05,+4.90%), Tata Steel Ltd. (Rs. 335.60,+4.47%), Jindal Steel & Power Ltd. (Rs. 159.50,+4.28%), NMDC Ltd. (Rs. 84.10,+3.83%), Hindalco Industries Ltd. (Rs. 150.10,+2.95%),.

On the flip side, CDS index was at 27288.96 down by -104.13 points or by -0.38%. Rajesh Exports Ltd. (Rs. 479.60,-0.95%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2074 , shares advanced were 1310 while 684 shares declined and 80 were unchanged.