Sensex rises 300 points on earnings optimism
Business | October 16, 2018 16:16 ISTMeanwhile, the rupee strengthened by 25 paise to 73.58 (intra-day) against the US dollar in the forex market.
Meanwhile, the rupee strengthened by 25 paise to 73.58 (intra-day) against the US dollar in the forex market.
The rupee again breached the 74-mark against the US dollar to quote at 74.05 (intra-day) in the forex market.
The 50-share NSE Nifty also turned volatile and was up 18 points, or 0.16 per cent, at 11,071.80 after touching a high of 11,084.55.
The rupee too depreciated by 33 paise to 72.96 against the US dollar in early trade at the interbank forex market.
The 30-share index was trading lower at 36,378.14 showing a loss of 463.46 points, or 1.26 per cent at 1200 hrs.
NSE opened at 11,326.65 points after closing at 11,278.900 points on Tuesday.
The 30-share BSE index gained 159.93 points, or 0.42 per cent in opening trade, but soon turned choppy falling 37.10 points.
The NSE Nifty index too dipped below the 11,500-mark by falling 111.80 points, or 0.97 per cent, at 11,403.40.
The gauge had plunged 976.69 points in the previous two sessions as global trade war tensions rattled investor sentiment.
At 9.45 am, the wider Nifty50 on the National Stock Exchange, traded at 11,451.75 points.
Sensex on Monday traded at 38,760.50 points, higher by 115.43 points or 0.30 per cent from its previous close of 38,645.07 points.
The equity indices closed in the negative territory on Wednesday as the rupee slumped to an all-time low, while weak global cues further subdued the sentiments, according to analysts.
The Sensex is trading at 38,948.05 points up by 51.42 points or 0.13 per cent.
Around 9.35 am, the broader Nifty50 of the National Stock Exchange (NSE) traded at 11,731.35 points.
The benchmark S&P BSE Sensex, which had opened at 37,898.60 points, closed at 37,947.88 points, up 284.32 points.
After opening lower at 37,796.01, the 30-share Sensex slipped further to touch a low of 37,634.43, but a rally in Infosys, Sun Pharma and Tata Motors helped it to recover.
According to market observers, the inflow of foreign funds and healthy buying in consumer durables, banking and oil and gas stocks pushed the key indices higher.
The BSE Sensex which had opened at 37,714.70 points, closed at 37,691.89 points, higher by 135.73 points.
Keeping up its record setting spree for the fifth straight session the 30-share Sensex added 308.77 points, or 0.83 per cent, to hit a new peak of 37,293.41.
The 30-share Sensex, which had lost 139.34 points in the previous session, resumed higher at 35,656.26 and advanced to 35,675.20 in early trade.
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