ANI
14 Oct 2019, 10:33 GMT+10
Mumbai (Maharashtra) [India], Oct 14 (ANI): Equity benchmark indices ruled higher during early hours on Monday following positive sentiment after US President Donald Trump outlined first phase of a deal to end the trade war with China.
He suspended a threatened tariff hike last week, though officials on both sides said much more work needs to be done.
At 10:15 am, the BSE SP Sensex was up by 93 points at 38,221 while the Nifty 50 edged higher by 30 points to 11,335. All sectoral indices at the National Stock Exchange were in the green except for Nifty IT which slipped by 0.8 per cent. Nifty metal was up by 1.6 per cent and realty by 1.3 per cent.
Among stocks, Tata Motors gained by 4.5 per cent at Rs 126.75 per share while Bajaj Auto was up by 1.7 per cent. Metals stocks were on upbeat mood with Vedanta jumping by 3.2 per cent, Tata Steel by 2.9 per cent and JSW Steel by 2.3 per cent.
The other prominent gainers were Sun Pharma, IndusInd Bank and oil marketing majors like IndianOil Corporation and Bharat Petroleum Corporation.
However, tech major Infosys lost by 2.7 per cent. UPL, Cipla, Zee Entertainment, Power Grid Corporation and Bharti Infratel too were in the red.
Meanwhile, Asian stock markets were traded higher as signs of progress in the US-China trade emerged, though investors remained wary of damage already done to the global economy.
MSCI's broadest index of Asia Pacific shares outside Japan rose 1.1% in light trade, South Korea' Kopsi gained by 1.3 per cent and Shanghai blue chips added 1.6 per cent. Tokyo was on holiday.
Meanwhile, the European Union agreed on Friday to hold another round of intense negotiations with Britain in a bid to break the Brexit deadlock and secure a deal before the Oct. 31 deadline. (ANI)Get a daily dose of Business Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.
More InformationREDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
SAN FRANCISCO, California: Grammarly is doubling down on AI-powered productivity tools with the acquisition of Superhuman, a sleek...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SAN FRANCISCO, California: Grammarly is doubling down on AI-powered productivity tools with the acquisition of Superhuman, a sleek...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
Bengaluru (Karnataka) [India], July 5 (ANI): Union Minister of Commerce and Industry Piyush Goyal, during an interactive session with...