INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Positive global sentiment, due to hopes of a possible truce between the US and China on the trade war front, helped domestic
equity benchmarks Sensex and Nifty open Wednesday's session in the positive territory.
White House economic adviser Larry Kudlow confirmed
a dinner powwow between Trump and his Chinese counterpart Xi Jinping at the G20 gathering in Argentina
He also held open the possibility that the two countries would reach a trade deal, Reuters reported
Investors now await Federal Reserve Chair Jerome Powell's sppech on Wednesday for clues on future rate hikes by the central bank.
Sensex
jumped nearly 200 points in early deals and Nifty hovered above 10,730 with buying in most sectors
Around 9:30 am, the BSE Sensex was 172 points, or 0.48 per cent up at 35,685, while Nifty was 32 points or 0.30 per cnet up at 10,717
Midcaps and smallcaps were underperforming benchmark Sensex at that time
BSE Midcap and Smallcap indices were 0.13 per cent down and 0.02 per cent up, respectively
Crude oil prices edged up in global markets ahead of an Opec meeting next week, whereas the US dollar climbed near two-week highs after a
senior official of the US Fed, in his comment, emphasised the need for furhter rate hikes
Sectoral indices were trading mixed on BSE
Realty, power, oil gas, metal and pharma were among the losers, while IT, teck, FMCG and consumer durables were in the green
In the Sensex basket of stocks, 19 stocks were advancing in trade, while 12 were declining
IndusInd Bank, Infosys, TCS, Kotak Mahindra Bank and ITC were among the top gainers in the Sensex index.
YES Bank, NTPC, ONGC, Coal India
and Vedanta were leading among the losers in the Sensex pack of stocks
Shares of YES Bank extended losses to the fourth consecutive session today
resignations and the likely divergence between its bad-loan estimates and those computed by the Reserve Bank of India (RBI)
