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Sensex gains 70 pts, Nifty above 11,650; Infy drops 5%, TCS jumps 3%

ANH Desk

Mumbai, April 15: Domestic stock markets started the week on a higher note tracking advances in Asian peers. The S&P BSE Sensex rose as much as 111.79 points to 38,878.90, and the NSE Nifty moved to 11,677.40, up 33.95 points from the previous close. Gains in metal, fast-moving consumer goods and auto stocks pushed the benchmark equity indexes higher. At 9:35 am, the Sensex traded at 38,818.70, up 51.59 points compared with the previous close, while the Nifty was up 21.20 points at 11,664.65.

Tata Motors, TCS, Coal India, Hindalco and HCL Tech – trading between 1.48 per cent and 4.19 per cent higher – were the top gainers on the 50-scrip index at the time. TCS, ITC and Tata Motors were the top contributors to the advances on Sensex.

On Friday, official data showed consumer inflation picked up to 2.86 per cent in March, from 2.57 per cent the previous month, strengthening hopes of further easing of monetary policy by the central bank this year.

 

The government is due to release wholesale inflation (gauged by Wholesale Price Index) later in the day. (Agencies)

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