Sensex Gains Over 150 Points, Nifty Edges Towards 10,350

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Fresh capital kept the flow on in the wake of continued buying by domestic institutional investors amid positive global indicators.

Indian stock markets started Tuesday’s session on a positive note with the Bombay Stock Exchange (BSE) benchmark index Sensex rising 155 points to 33,515.45 and the NSE Nifty gaining 41 points to 10,340.25. Gains were led by energy, realty, consumer durables and metals stocks – up between 0.7 per cent and 1.9 per cent in morning deals. Bharti Airtel, Tech Mahindra, NTPC, Reliance Industries, Tata Steel, Yes Bank and Dr Reddy’s were among the top gainers on the Nifty50 – up between 1.3 per cent and 3 per cent. The Sensex had notched up 599.46 points in the previous three sessions. At day’s high, the NSE Nifty has risen 222 points in four straight sessions while the Sensex gained 755 points. VRL Logistics surged 3.66 per cent and Gati Ltd 3.06 per cent after the logistics sector received infrastructure status by the government on Monday that will help it access loans on easier terms.

Fresh capital kept the flow on in the wake of continued buying by domestic institutional investors amid positive global indicators.

According to analysts, domestic institutional investors carried on with buying amid a firming trend in other Asian markets after positive leads from Wall Street.

Among the other Asian markets, gains on Wall Street overnight helped MSCI’s broadest index of Asia-Pacific shares outside Japan tack on 0.15 per cent. South Korea’s KOSPI rose 0.25 per cent, Australian stocks climbed 0.15 per cent and Japan’s Nikkei advanced 1.25 per cent. At Wall Street, the Dow Jones industrial average edged back towards record highs scaled two weeks ago.

At 10:17 am, 37 stocks on the 50 scrip Nifty were trading in the green. The NSE index was trading 36.50 points, or 0.35 per cent, higher at 10,335.25 while the BSE Sensex was up 127.21 points, or 0.38 per cent, at 33,487.11.

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