Sensex trims early gains; stays in green

Sensex trims early gains; stays in green

Sensex trims early gains; stays in green

The barometer 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) reclaimed the 33,000-mark and closed at 33,066.41 points - up 469.87 points or 1.44 per cent from the previous session's close. Positive opening in European markets along with recovery in some Asian indices showed that fears of an escalation of a global trade war have subsided. All sectoral indices, led by metals, PSU, oil & gas, banking and healthcare stocks were in the green. It edged higher by 132.60 points or 1.33 per cent to provisionally close at 10,130.65 points (at 3.30 p.m).

The trading turnover on the India INX 32-troy ounce Gold Futures contract touched its al l-time high of Rs. 1,895 crore comprising of about 68 per cent of the turnover of the equivalent Gold Futures traded in the domestic markets on March 26, 2018.

Wall Street scored its best day in 2-1/2 years and the Dow Jones Industrial Average saw its third-biggest point gain ever on Monday, as trade war fears eased on reports the United States and China are willing to renegotiate tariffs and trade imbalances, Reuters said in a report.

Among the major gainers were: Yes Bank 5.67 per cent, SBI 5.01 per cent, HDFC Bank 2.91 per cent, Tata Steel 2.80 per cent, HDFC 2.66 per cent, Bharti Artl 2.55 per cent, L&T 2.16 per cent, ICICI Bank 2.05 per cent, M&M 1.98 per cent, Hero Motoco 1.94 per cent, Maruti 1.87 per cent and Bajaj Auto 1.68 per cent.

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In the broader market, the BSE Midcap and the BSE Smallcap indices outperformed to rally 1 per cent and 1.36 per cent, respectively.

Meanwhile, on a net basis, DIIs bought shares worth Rs 2,017.95 crore, while foreign portfolio investors (FPIs) sold shares of Rs 741.19 crore on Monday.

The BSE Sensex trimmed its initial gains in the afternoon deals but stayed in the green, up 0.37 per cent at 33,189.50, on reports of trade negotiations between the U.S. and China, easing fears of a trade war.

Market breadth was negative with 1,102 advances against 1,417 declines.

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