Sensex gains over 100 points; Nifty above 10400-mark


Around 9.16 a.m., the wider Nifty50 of the National Stock Exchange (NSE) inched up by 12.45 points or 0.12 per cent to trade at 10,414.70 points. In the broader market, BSE Midcap and the BSE Smallcap indices slipped up to 0.5 per cent. It came after an increased selling of the greenback by exporters and banks.

Stocks of HPCL, BPCL and International Olympic Committee were in the red, as higher crude oil prices led to increased concerns among investors. The index's surge lost some steam, however, with some Asian equity markets staggering, as the world's two biggest economies are still seen needing to clear more hurdles before reaching any sort of settlement over trade issues. The government is unlikely to cut excise duty on Brent crude.

The 30 share index Sensex gained 130.31 points (0.38 percent) at 33918.85.

On Wednesday, at 10:43 hours, the stock of BSE Limited was trading at Rs. 816.40 per share, down by 0.48 per cent.

In other Asian markets, Hong Kong's Hang Seng was up by 0.82 percent, Japan's Nikkei gained 1.08 percent.

Chinese President Xi Jinping promised to lower import tariffs on products including cars, easing concerns over an escalating U.S.

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.

The broader NSE Nifty also ended above the key 10,400-mark.