Sensex jumps over 200 points; Nifty nears 11,100

The 30-share index pared some opening gains to trade 129.01 points or 0.35 per cent higher at 37,479.34.

Truant rains, sanctions on Iran hurt turmeric

Before that turmeric sowing area in the Sangli region came down by 10–15 per cent due to deficient rainfall.

Participants are also awaiting measures from the government to boost growth and revive consumer sentiment, experts added.

FPIs, however, invested a net Rs 2,096.38 crore in the debt securities during the period.

Reliance Industries Ltd (RIL) was the only firm among the top 10 companies to post a gain in its market valuation.

The Sensex opened over 70 points up at 37,383 after Thursday’s holiday but due weak domestic cues touched an intra-day low of 36,974.

After swinging 470 points during the day, the 30-share Sensex settled 38.80 points, or 0.10 per cent, higher at 37,350.33.

Pick-up in demand from local jewellers at the domestic spot market led to the rise in gold prices, analysts said.

Analysts said speculative positions created by traders led to rise in oil prices.

At the Interbank Foreign Exchange, the rupee opened weak at 71.33 then fell to 71.47 against the US dollar.