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July 18, Wednesday 2018 3:00 AM       

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       BUSINESS Next Article: SBI to invest Rs. 80 bn in hydropower project of Nepal  
       Sensex rises over 100 pts on firm global cues, Nifty tops 10,400
 
         Posted on :12:48:25 Apr 10, 2018
   
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       Last edited on:12:48:25 Apr 10, 2018
         Tags: Sensex over 100 pts, Nifty tops 10,400
 

MUMBAI: Benchmark BSE Sensex advanced over 130 points Tuesday, continuing its rising streak for the fourth straight day, on firm global leads after Chinese President Xi Jinping's speech eased worries over a trade war.

The 30-share Sensex was trading higher by 130.31 points, or 0.38 per cent, at 33,918.85, with all the sectoral indices rising up to 1.80 per cent.

The gauge had gained 774.47 points in the previous three sessions.

The NSE Nifty breached the 10,400-mark, up 38.80 points, or 0.37 per cent, at 10,418.15.

Meanwhile, domestic institutional investors (DIIs) bought shares worth Rs 359.35 crore yesterday, while foreign portfolio investors (FPIs) remained sellers and offloaded shares worth Rs 1,300.93 crore as per provisional data.

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, brokers said.

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

Major gainers included Axis Bank, Adani Ports, Tata Steel, L&T, ICICI Bank, Yes Bank, Kotak Bank, TCS, Power Grid, Bajaj Auto, Sun Pharma and Reliance Industries, gaining up to 2.41 per cent.

In the Asian region, Japan's Nikkei gained 1.08 per cent and Shanghai Composite rose 0.75 per cent in early trading today while Hong Kong's Hang Seng was up 0.82 per cent.

The US Dow Jones Industrial Average ended 0.19 per cent higher in yesterday's trade.

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       BUSINESS
Next Article: SBI to invest Rs. 80 bn in hydropower project of Nepal
 
 
BUSINESS HEADLINES
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India to be $10 trillion economy by 2030: Garg  
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Indian Army signs MoU with SBI on salary package  
US dollar ends sharply lower against rupee  
Gold, silver recover on mild demand  
BSNL starts first internet telephony service in India  
Sensex nears all-time high; TCS shines on Q1 show  
Gold futures gain 0.06% on global cues  
Goyal asks Coal India to ensure supply for power sector  
Grex Alternative Investments Market looks to raise $100 mln  
Cong targets PM over fall in value of Rupee  
Set up central agency to evaluate big loan proposals: ICAI  
Modi govt needs to shed 'obsession' with economic growth: Jean Dreze  
 
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