Sensex rises for 8th straight session; Nifty reclaims 10500

The BSE Senex had gained 1,173.88 points in the previous seven sessions

The benchmark BSE Sensex was trading 50 points, or 0.15% lower on Monday morning, recovering from its sharp losses in opening trade which saw the gauge plunge by almost 300 points, amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

The 30-share barometer fell by 293.31 points (0.85 percent) to 33899.34.

At 10am, Sensex was down 0.12% at 34,151.86 points, while the Nifty 50 edged down 0.14% to 10,466 points.

The index had risen 1,173.88 points in the past seven sessions. Pharma and FMCG sub-indices rallied the most gaining 1.56 per cent and 1.05 per cent respectively. At 14:04 am, Sensex was trading at 34,246, up 53.72 points, while the broader Nifty50 was ruling at 10,506, up 25.75 points. On the BSE, 853 stocks declined, 282 stocks rallied, while 57 stocks remained unchanged.

Nexus Investment Management INC Increased Its Cenovus Energy INC (CVE) Stake
TRADEMARK VIOLATION WARNING: This piece was originally reported by registrarjournal.com and is owned by of registrarjournal.com. The company reported C ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.12 by C ($0.55).

On the other hand, Tata Motors (4.96%), Infosys (3.10%), State Bank Of India (0.76%), Oil & Natural Gas Corporation (0.55%), Tata Steel (0.49%) and ICICI Bank (0.28%) were the major losers in the Sensex.

Foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) sold shares worth Rs 1,487.82 crore during the week, as per Sebi's record including the provisional figure of April 13, 2018.

USA stocks fell last Friday as weakness in shares of banks and finance firms added to the political and trade tensions weighing on the market. The S&P BSE Mid-Cap index rose 81.19 points or 0.49 per cent to settle at 16,677.76.

The rupee closed higher by 6 paise at 65.20 in the previous session on Friday on the back of positive macroeconomic data and firm local equities.

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