Sensex rises over 150 points; Nifty nears 11,500

Mumbai, October 16

Equity benchmark BSE Sensex advanced over 150 points on Wednesday driven by gains in energy and banking stocks amid sustained fund inflow and positive cues from global equities.

The 30-share index was trading 158.41 points, or 0.41 per cent, higher at  38,664.50 at 0930 hours. Similarly, the broader NSE Nifty rose 50.75 points, or 0.44 per cent, to 11,479.05.

Top gainers in the Sensex pack included Bajaj Finance, Yes Bank, HDFC Bank, RIL, Tata Motors, Bajaj Auto, Tata Steel and ONGC, rising up to 3 per cent.

On the other hand, Vedanta, PowerGrid, ITC, Hero MotoCorp, M&M, Asian Paints, L&T and TCS fell up to 1.50 per cent.

In the previous session, the BSE barometer closed 291.62 points, or 0.76 per cent, higher at 38,506.09, while the Nifty rose 87.15 points, or 0.77 per cent, to settle at 11,428.30.

Foreign institutional investors (FIIs) continued to be net buyers in the capital market, infusing Rs 436.02 on Tuesday, and domestic institutional investors bought shares worth Rs 929.39 crore, data available with stock exchange showed.

Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo were trading on a positive note, while those in Shanghai were in the red. PTI