Sensex soars over 200 points; Nifty above 10,850
TIMESOFINDIA.COM | Updated: Jan 9, 2019, 10:20 ISTHighlights
- On the BSE index, Infosys, Axis Bank, Tata Motors, TCS, Maruti and Sun Pharma were among the biggest gainers with their stocks up as much as 2.10 per cent
- On NSE, except for Nifty PSU Bank, all other sub-indices were trading in green with Nifty IT leading the pack, up 1.10 per cent
(Representative image)NEW DELHI: Equity indices on Wednesday opened on a higher note ahead of the start of another corporate result season and positive global cues. The benchmark BSE Sensex jumped 214 points or 0.60 per cent to 36,195 in early trade, while the broader NSE Nifty moved 62 points or 0.57 per cent up to 10,864.
On the BSE index, Infosys, Axis Bank, Tata Motors, TCS, Maruti and Sun Pharma were among the biggest gainers with their stocks up as much as 2.10 per cent. On NSE, except for Nifty PSU Bank, all other sub-indices were trading in green with Nifty IT leading the pack, up 1.10 per cent.
Asian shares climbed to a 3-1/2-week high, supported by growing optimism that the United States and China can strike a trade deal to avoid an all-out confrontation that would severely disrupt the global economy.
The United States and China agreed to extend trade talks in Beijing for an unscheduled third day on Wednesday, amid signs of progress on issues including purchases of US farm and energy commodities and increased access to China’s markets.
But sources said the two sides were still far apart from US demands for structural reforms in China.
US President Donald Trump wrote on Twitter overnight that “Talks with China are going very well!”
Bloomberg reported Trump is increasingly eager to strike a deal with China soon in an effort to perk up financial markets that have slumped on concerns over the trade war, citing people familiar with internal White House deliberations.
(With agency inputs)
On the BSE index, Infosys, Axis Bank, Tata Motors, TCS, Maruti and Sun Pharma were among the biggest gainers with their stocks up as much as 2.10 per cent. On NSE, except for Nifty PSU Bank, all other sub-indices were trading in green with Nifty IT leading the pack, up 1.10 per cent.
Asian shares climbed to a 3-1/2-week high, supported by growing optimism that the United States and China can strike a trade deal to avoid an all-out confrontation that would severely disrupt the global economy.
The United States and China agreed to extend trade talks in Beijing for an unscheduled third day on Wednesday, amid signs of progress on issues including purchases of US farm and energy commodities and increased access to China’s markets.
But sources said the two sides were still far apart from US demands for structural reforms in China.
US President Donald Trump wrote on Twitter overnight that “Talks with China are going very well!”
Bloomberg reported Trump is increasingly eager to strike a deal with China soon in an effort to perk up financial markets that have slumped on concerns over the trade war, citing people familiar with internal White House deliberations.
(With agency inputs)
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