Indices gained where Asian markets were mixed on confusion over the US-China trade talks.
Benchmark indices jumped over half % Today, as the rupee get recovered. An appreciating rupee draws foreign inflows.
the BSE Sensex was ruling at 38,904, up 219 pts. The NSE barometer Nifty 50 was up 60 pts at 11,658. Indices gained even as most Asian markets stayed cautious amid mixed signals on US-China trade talks. Buying was seen across index heavyweights such as HDFC, Infosys NSE 1.22 percent, Reliance Industries, ICICI Bank NSE 0.40 percent and TCS.
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IndusInd Bank NSE 1.55 percent, YES Bank, Vedanta, Mahindra & Mahindra, and Kotak Mahindra Bank NSE 0.51 percent were some stocks leading the Sensex pack. Asian Paints, Bharti Airtel, Maruti, and HUL remained some of the laggards.
The recovery in rupee lifted the investor sentiment.
The domestic currency opened 13 paise higher at 69.03 against the dollar on account of some selling in US currency by banks and exporters. The local unit had fallen 76 paise yesterday to 69.16 after the RBI lowered its projection for economic growth while shalshing the policy rate by 25 basis pts.
Oil prices fell Today, with Brent slipping away from the $70 mark after briefly rising above that level in the previous session, as traders fretted about progress in US-China talks to end a trade war.
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