Sensex jumps over 200 factors in early commerce; Nifty tops 14,750

Mumbai, February 24

Equity benchmark Sensex jumped over 200 points in the opening session on Wednesday tracking gains in index majors Reliance Industries, HDFC Bank and Axis Bank, despite weak trend in global markets.

The 30-share BSE index was trading 207 points or 0.42 per cent higher at 49,958.41.

Similarly, the broader NSE Nifty was quoting 69.35 points or 0.47 per cent up at 14,777.15.

Axis Bank was the top gainer in the Sensex pack, rising around 2 per cent, followed by Bajaj Finance, SBI, Reliance Industries, ONGC and UltraTech Cement.

On the other hand, TCS, PowerGrid, Infosys, HUL and Tech Mahindra were among the laggards.

In the previous session, Sensex ended 7.09 points or 0.01 per cent higher at 49,751.41, and Nifty settled 32.10 points or 0.22 per cent up at 14,707.80.

Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 1,569.04 crore on Tuesday, as per exchange data.

Domestic equities look to be good at the moment despite mixed cues from Asian markets, said Binod Modi, Head-Strategy at Reliance Securities. PTIĀ 

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