BSE Sensex rose over 84 points, Nifty above 10,800 ahead of key macroeconomic data

The benchmark BSE Sensex rose over 84 points while the NSE Nifty reclaimed the 10,800-mark as investors looked forward to release of key macroeconomic data due later in the day, amid a firming trend in Asia.

The 30-share BSE Sensex went up 84.35 points, or 0.23%, to 35,567.82. The gauge had gained 39.80 points in the previous session.

Optimistic buying in blue-chip stocks ahead of IIP data for April and CPI inflation for May, to be released after market closing today, lifted stocks higher, brokers said.

All the sectoral indices led by healthcare, consumer durables, oil and gas, banking and auto were in the green, with gains of up to 0.84%.

The NSE Nifty recaptured the key 10,800-level by rising 29.85 points, or 0.27%, to 10,816.80.

Prominent gainers were Dr Reddy’s, Wipro, Adani Ports, M&M, Bharti Airtel, Tata Motors, SBI, IndusInd Bank,ITC Ltd, Sun Pharma, L&T, TCS and Asian Paints, rising by up to 1.80%.

Brokers said besides unabated buying by domestic institutional investors (DIIs), a firm trend at other Asian markets influenced sentiments though investors were cautious as the historic summit between the US and North Korea got underway in Singapore.

DIIs bought shares worth a net Rs 1,062.82 crore, while foreign portfolio investors sold equities to the tune of Rs 1,156.77 crore on Monday, as per provisional data.

Globally, Hong Kong’s Hang Seng rose 0.41%, Japan’s Nikkei gained 0.39%, while China’s main Shanghai Composite Index advanced 0.39%.

The US Dow Jones Industrial Average ended flat on Monday.

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