Published: Wed, April 11, 2018
Global | By Enrique Rogers

Sensex, Nifty open higher on hopes of easing of trade tensions

Sensex, Nifty open higher on hopes of easing of trade tensions

The Sensex and Nifty closed higher on Wednesday amid volatile trade, extending their winning streak to a fifth straight day.

Mumbai: The BSE Sensex was down 37.61 points in late morning deals on profit-booking in oil and gas, bank, financial, energy, FMCG and utilities sectors despite higher Asian cues.

The Sensex opened higher and went further to hit a high of 33,949.98 and finally settled 91.71 points, or 0.27 per cent, higher at 33,880.25. Earlier, the gauge had gained over 750 points in the previous three sessions.

Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 653.65 crore yesterday, while foreign portfolio investors (FPIs) sold equities worth Rs 684.99 crore, provisional data showed.

Brokers said a firm trend in other Asian markets after Chinese President Xi Jinping eased worries over a simmering United States trade conflict by promising new measures to open his country's massive economy "wider and wider" boosted investor sentiment here.

Investment Analysts' Recent Ratings Updates for Kroger (KR)
Also, the number of active investment managers holding Kroger Co in top ten positions increased from 4 to 11 for an increase of 7. The company is expanding store base, introducing new items, digital coupons, and order online, pick up in store initiative.

Major laggards were Adani Ports, down 2.26 per cent, SBI 2.07 per cent, ICICI Bank 1.82 per cent, Axis Bank 1.40 per cent, Yes Bank 1.27 per cent and Dr Reddy's 0.71 per cent.

According to market observers, healthy buying in metals, banking and capital goods stocks supported the equity indices' northward trajectory.

The US Dow Jones Industrial Average ended 0.19 percent higher on Monday.

The rupee depreciated 12 paise to 65.11 against the US dollar in opening trade today ahead of the release of US Fed meeting minutes scheduled later in the day.

Stocks of HPCL, BPCL and International Olympic Committee were in the red, as higher crude oil prices led to increased concerns among investors.

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