INSUBCONTINENT EXCLUSIVE:
The S-P BSE Sensex and NSE Nifty 50 indexes extended gains in last hour of trade defying a weak trend in global markets
The strength in the markets comes a day after Finance Minister Nirmala Sitharaman said the government will soon hold discussions with
representatives of foreign portfolio investors, amid continuing overseas fund outflow from the markets following its decision to impose a
psychological level of 11,000.Economic Affairs Secretary Atanu Chakraborty said he would hold discussions with representatives of foreign
portfolio investors (FPIs) soon.Global stocks extended already substantial losses on Tuesday, after Washington tagged China as a currency
manipulator, shaking fragile investor sentiment in a rapid escalation of the US-China trade war.US Treasury Secretary Steven Mnuchin said on
Monday the government had determined that China is manipulating its currency, and that Washington would engage the International Monetary
Fund to eliminate unfair competition from Beijing.Back home, gains in today's session were led by buying interest in HDFC, Larsen -
Toubro, ICICI Bank, Kotak Mahindra Bank, HDFC Bank and Bharti Airtel.At 2:26 pm, the Sensex traded 503 points or 1.37 per cent higher at
S-P BSE Capital Goods index, which was up 2.2 per cent.The realty, metal, banking, telecom, industrials, finance and basic materials sector
SmallCap indexes rose over 1 per cent each.Indiabulls Housing Finance was top gainer in the Nifty 50 basket of shares
The stock rose as much as 7.85 per cent to hit an intraday high of Rs 514 on the BSE
Tech Mahindra, Yes Bank, Bharti Airtel, Larsen - Toubro and Coal India were among prominent gainers.On the other hand, Zee Entertainment,
Cipla, Power Grid, Wipro, Tata Motors and Bajaj Auto were among the losers.Overall market breadth favoured buyers as 1,493 shares were
advancing while 739 were trading higher on the BSE.(With inputs from Reuters)Get Breaking news, live coverage, and Latest News from India
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