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Sensex, Nifty open in red over mixed Asian cues

17 April, 2018, 14:09 | Author: Samuel Sharp
  • The BSE Senex had gained 1,173.88 points in the previous seven sessions

Moreover, India Meteorological Department's forecast that rainfall is likely to be normal during the June-to-September southwest monsoon season in the country also boosted sentiment.

The Nifty of National Stocks Exchange (NSE) too advanced by2.65 points to 10,531.00.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,944.73 points, traded at 34,147.31 points (12.58 p.m.) - down 45.34 points or 0.13 per cent from its previous session's close.

Housing Development Finance Corp Ltd and HDFC Bank Ltd were the top contributors to the indexes with gains of 1.6 percent and 0.9 percent respectively. M&M, NTPC, ICICI Bank and SBI were the other prominent gainers in the index.

Furthermore, Infosys ended with a loss of 3 percent after lowering EBIT margin guidance for FY19, reported Moneycontrol. It was down 1.5 per cent to be the top loser in the Nifty. Asian markets opened higher, tracking the overnight gains in the USA stocks.

Overnight, the Dow gained 0.87 percent and the S&P 500 rose 0.8 per cent on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about the earnings season and appeared less anxious about US-led missile attacks in Syria.

The wider Nifty50 closed higher by 41.50 points or 0.40 per cent to 10,458.65 points, while the Sensex closed at 34,192.65 points, up 91.52 points or 0.27 per cent.



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