Economy

Sensex Rises 150 Points, Nifty Firm Above 9800

Sensex Rises 150 Points, Nifty Firm Above 9800”

Closer home, benchmark indexes Sensex and the Nifty ended a range-bound session marginally higher on Tuesday, while the rupee closed little changed at 64.11 a dollar.

The BSE Sensex firmed up over 150 points and the Nifty reclaimed the 9,800-mark in early trade today, aided by fresh buying mainly in metal, healthcare, and banks. USA markets on Tuesday: The Dow Jones Industrial Average index rose 196.14 points, or 0.9%, to 21,899.89, the S&P500 index too rose 24.14 points, or 0.99%, to 2,452.51 and the Nasdaq Composite index increased 84.35 points, or 1.36%, to 6,297.48.

The Sensex is trading at 31,397.07 points, up by 105.22 points or 0.34 per cent.

Indiabulls Housing Finance, Hero MotoCorp, Power Grid, YES Bank, Asian paint and Bank of Baroda were at the bottom in the Nifty50 index. Meanwhile, the broad based NSE Nifty went up by 11.20 or 0.11% at 9,765.55 with 26 components registering rise.

Anand James, Chief Market Strategist, Geojit Financial Services Ltd. was quoted by PTI saying, "Domestic indices couldn't sustain the momentum from a positive opening and exhibited volatility against the backdrop of the BSE putting a noose around the neck of 200 companies by announcing compulsory delisting from Wednesday". The Dow rose 0.9 percent, the S&P 500 gained 1 percent and the Nasdaq Composite climbed 1.4 percent.



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