Science

Sensex recaptures 32000 mark on global rally; Nifty hovers above 10K

Sensex recaptures 32000 mark on global rally; Nifty hovers above 10K”

At 9.25 a.m., the 30-share BSE index Sensex was up 106.04 points or 0.33 per cent at 32,030.45 and the 50-share NSE index Nifty was up 29.5 points or 0.29 per cent at 10,046.45.

Breaking a three-day gaining streak, key Indian equity indices on Wednesday traded in the red during the afternoon session on the back of heavy selling pressure in banking, metal and capital goods stocks.

Midcap and smallcap shares were seen outperforming the broader indices in morning deals - up between 0.6 per cent and 0.75 per cent. On Tuesday, the Nifty50 had held on to that mark on a closing basis.

"September quarter earnings season is expected to be subdued due to the impact of the Goods and Services Tax (GST)".

On the currency front, the rupee strengthened by 13-14 paise to close at 65.14-15 against the USA dollar from its previous close at 65.28.

Among the top Sensex losers: Tata Motors dropped 2.3 percent, State Bank of India declined 2 percent, Tata Steel weakened 1.5 percent while Coal India shed 1.4 percent.

Some buying activity is seen in Energy, IT, Telecom, and Oil and Gas, while FMCG, basic materials, Auto, Banking, Realty and Power sectors dip on BSE.

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