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Sensex jumps 115 points, Nifty above 11,570

The BSE Sensex was trading 115.49 points or 0.30 percent higher at 38,851.72 while the NSE Nifty was edging up by 20.80 points or 0.18 percent to 11,573.30 in early trade.

Sensex jumps 115 points, Nifty above 11,570

New Delhi: Markets opened in the positive zone on Monday led by rally in IT stocks after Infosys raised FY20 revenue growth guidance, tracking global cues.

The BSE Sensex was trading 115.49 points or 0.30 percent higher at 38,851.72 while the NSE Nifty was edging up by 20.80 points or 0.18 percent to 11,573.30 in early trade.

Top gainer in the Sensex pack were Infosys, Yes Bank, Sun Pharma, Tata Motors, M&M and Bajaj Auto, rising upto 5 percent. On the other hand, L&T, Vedanta, Hero MotoCorp, ICICI Bank, Tata Steel, Axis Bank, NTPC and PowerGrid, were top losers, falling up to 1.10 percent.

On a net basis, foreign institutional investors sold equities worth Rs 850.11 crore, while domestic institutional investors purchased shares to the tune of Rs 940.12 crore, provisional data showed.

In the previous session, the Sensex had fallen 86.88 points or 0.22 percent to close at 38,736.23 while the Nifty dropped 30.40 points or 0.26 percent to 11,552.50.

MSCI`s broadest index of Asia-Pacific shares outside Japan gave up losses to be 0.2% higher at 526.72 points. Australian shares slipped 0.4% while South Korea`s KOSPI was mostly flat. Chinese shares pared early losses with the blue-chip index up 0.4%. Hong Kong`s Hang Seng index added 0.3%, a Reuters report said.

With Agency Inputs