Sensex, Nifty swing on global economic worries

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Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a volatile note as investors turned jittery on weak domestic and global cues amid continued foreign fund outflow.

In the first half hour of the trade, the S&P BSE Sensex today traded at 39,908.47, up 91.99 points and the broader NSE Nifty was at 11,932.15, with a gain of 21.85 points.

Asian shares were subdued as initial enthusiasm over the latest US-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods.

Top gainers in the Sensex pack in early trade included Yes Bank, IndusInd Bank, Asian Paints, M&M, Axis Bank, NTPC and PowerGrid, rising up to 2.23 per cent. On the other hand, Vedanta, ONGC, HDFC, Tata Steel, ITC, TCS and HUL fell up to 1.63 per cent.

On the currency front, the Indian rupee appreciated 13 paise to 68.81 against the US dollar.

In the meantime, the global oil benchmark Brent crude futures were trading 0.34 per cent higher at 62.61 per barrel.

The investors are cautious ahead of the Union Budget which is scheduled for Friday.

Track Live Share Market Chart at Chinimandi.

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