Published: Tue, April 17, 2018
Markets | By Erika Turner

Sensex, Nifty close marginally higher as wholesale inflation eases

Sensex, Nifty close marginally higher as wholesale inflation eases

BSE Sensex zoomed over 112.78 points at 34,305.43 and the NSE Nifty climbed 47.75 points to 10,528.35. Earlier the gauge had gained almost 1300 points in the previous eight sessions.

The 30-share index was trading higher by 92.66 points (0.27 percent) 34398.09 with power, PSU, metal, infrastructure, capital goods, and infrastructure and auto sector stocks leading the trend.

The benchmark index of Bombay Stock Exchange (BSE) on Tuesday advanced 29.63 points to 34,335.00, after forecastof a normal monsoon for the year. Positive Asian shares also boosted sentiments.

Hero MotoCorp, Kotak Bank and Adani Ports were the major gainers while Tata Motors, Infosys and lost the most.

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Meanwhile, among other Asian markets, Hong Kong's Hang Seng was up 0.02 per cent, Japan's Nikkei edged higher 0.01 per cent in early trade.

Overnight, the Dow gained 0.87 percent and the S&P 500 rose 0.8 per cent on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about the earnings season and appeared less anxious about US-led missile attacks in Syria.

Mumbai: The rupee fell 20 paise to 65.40 against the United States dollar in early trade on Monday on global trade war concerns, dip in India's exports in March and a sharp drop in domestic equities.

The wider Nifty50 closed higher by 41.50 points or 0.40 per cent to 10,458.65 points, while the Sensex closed at 34,192.65 points, up 91.52 points or 0.27 per cent.

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