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Sensex shrugs off Brexit fears, climbs 82 points

Market showed signs of resilience as the Sensex rose by over 82 points to 26,485.28 on Tuesday after value-buying by investors offset concerns from UK's shock exit from the European Union.


Sensex shrugs off Brexit fears, climbs 82 points

Mumbai: Market showed signs of resilience as the Sensex rose by over 82 points to 26,485.28 on Tuesday after value-buying by investors offset concerns from UK's shock exit from the European Union.

Besides, short-covering ahead of June derivatives expiry on Thursday gave the upside some traction.

The 30-share barometer advanced by 82.32 points or 0.31 percent to 26,485.28 in early trade.

The index had ended flat by rising 5 points in the previous volatile session.

Sectoral indices led by capital goods, oil and gas, PSU, power, realty, healthcare and banking saw a lot of action, gaining up to 0.86 percent.

The NSE Nifty too regained the 8,100-mark by rising 29.20 points, or 0.36 percent, to 8,123.90 in early trade.

Brokers said value-buying in select blue-chips may have helped, but the sell-off in other Asian and European markets capped the losses.

Hong Kong's Hang Seng was down 0.71 percent while Shanghai Composite was quoting 0.20 percent lower in early session today. Japan's Nikkei fell 0.33 percent.

The Dow Jones Industrial Average ended 1.50 percent lower yesterday.

 

From Zee News

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