INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Indian equity benchmarks Sensex and Nifty jumped higher in opening deals on Wednesday, mirroring the upbeat sentiment of other
Asian stocks advanced to 4.5 month highs on Wednesday as investors bet that Chinese and US trade negotiators would be able to secure a deal
to de-escalate their year-long tariff war, Reuters reported
A new round of talks between the two countries, to find an amicable solution to the trade-related issues, started on Tuesday
Some higher level sessions are scheduled later this week, with Chinese Vice Premier Liu He visiting Washington on Thursday and Friday.
Now,
investors await minutes from the US Fed for clues on its balance sheet reduction policy and the course of future interest rates.
Around 9:30
am, the BSE Sensex was 255 points, or 0.72 per cent, up at 35,607, while Nifty was 72 points, or 0.68 per cent, up at 10,676
BSE Midcap and Smallcap indices were 0.62 per cent and 0.54 per cent up, respectively, at that time.
Barring Hero MotoCorp, HCl
Technologies, Bajaj Auto and Mahindra Mahindra, all other components of the Sensex index were in the green.
Vedanta was leading the pack of
Sensex gainers, rising 3 per cent
ONGC, Tata Steel, YES Bank, Bajaj Finance and Bharti Airtel were also among the top gainers
All sectoral indices were in the green on BSE, with metal, oil gas and energy rising over 1 per cent
Gains in shares of Vedanta, Tata Steel, Hindalco and JSW Steel lifted metal pack
In the oil gas and energy space, ONGC, BPCL, GAIL and Reliance Industries were trading with decent gains
The GST Council is scheduled to meet today to discuss a proposal to slash tax on cement to 18 per cent from 28 per cent and also consider a
recommendation of a Group of Ministers (GoM) on housing that advocates 5 per cent GST on under-construction properties and 3 per cent GST on
Meanwhile, Foreign portfolio investors (FPIs) sold Rs 814 crore worth of domestic stocks on Tuesday, data available with NSE suggested
DIIs were net buyers to the tune of Rs 1,164 crore, data suggested
