Sensex gains over 100 points; Nifty above 10400-mark

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The benchmark Sensex of the Bombay Stock Exchange (BSE) gained over 100 points today in the early trade, its continued rise for the fourth straight day on firm global leads after China eased worries over a trade war.

The 30 share index Sensex gained 130.31 points (0.38 percent) at 33918.85.

Sectoral indices rise up by 1.80 percent. Earlier, the gauge had gained over 750 points in the previous three sessions.

The broader NSE-Nifty climbed over 10400-mark after gaining 38.80 points (0.37 percent) at 10418.15.

Meanwhile, on a net basis, Foreign Portfolio Investors (FPIs) sold shares worth Rs 1300.93 crore while Domestic Institutional Investors (DIIs) bought shares worth Rs 359.35 crore on Monday, a provisional data showed.

Brokers said a firm trend in other Asian markets after Chinese President Xi Jinping eased worries over a simmering US trade conflict by promising new measures to open his country’s massive economy “wider and wider” boosted investor sentiment here.

The rupee’s appreciation against the dollar and widening of bets by investors amid optimism ahead of the earnings season also supported the uptrend, they said.

Major gainers were Adani Ports, Axis Bank, L&T, ICICI Bank, Tata Steel, Yes Bank, TCS, Kota Bank, Bajaj Auto, Power Grid, Sun Pharma and Reliance Industries gaining up by 2.41 percent.

In other Asian markets, Hong Kong’s Hang Seng was up by 0.82 percent, Japan’s Nikkei gained 1.08 percent. Shanghai Composite Index rose 0.75 percent in the early trade.

The US Dow Jones Industrial Average ended 0.19 percent higher on Monday. Nasdaq gained over 0.51 percent while S&P 500 was up by 0.33 percent.

The rupee rose 14 paise to 64.88 against the US dollar in early trade at the forex market on Tuesday. It came after an increased selling of the greenback by exporters and banks.

Also Read: Sensex rises by over 100 points; Nifty above 10375-mark

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