Sensex up by 200 points in early trade, Nifty over 11,000

WION Web Team New Delhi, India Aug 19, 2019, 09.27 AM(IST) Edited By: Riya Gupta

File photo. Photograph:( Reuters )

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The 30-share index was trading 37,577.11 at 9:20am.

Domestic equity benchmark BSE Sensex up by 200 points in early trade on Monday.

The 30-share index was trading 37,577.11 at 9:20am.

Similarly, the broader NSE Nifty above 11,000.

Among stocks, Bharti Infratel was the top gainer and moved up by 3.2 per cent to trade at Rs 257.30 per share. Sun Pharma was up by 2.8 per cent, Indiabulls Housing Finance by 2.7 per cent, Dr Reddy by 2.2 per cent and Cipla by 1.5 per cent.

But Yes Bank slipped by 2 per cent and Grasim by 1.2 per cent. ONGC, Tata Steel and GAIL too showed marginal losses.

Last week on Friday, Sensex and Nifty ended a tick higher, powered by gains in banking stocks, but finished lower for the week with trading dominated by headlines about the Us-China trade conflict and fears of an imminent global recession.

Meanwhile, Asian stock markets tracked the Wall Street`s Friday rally on hopes of more stimulus from central banks around the world to prevent a global recession.

(With input from ANI)