Indian benchmark indices BSE Sensex and NSE’s Nifty 50 opened lower but soon recovered to trade higher despite faltering Asian markets as US tariffs on $34 billion in Chinese imports took effect on Friday. However, the Indian rupee weakened marginally against the US dollar and was trading past 69 a dollar, tracking losses in Asian peers.
At 10.05am, the Sensex advanced 101.42 points, or 0.29%, to 35,675.97, while the Nifty 50 rose 30.65 points, or 0.29%, to 10,780.40. BSE MidCap and SmallCap rose 0.56% and 0.22%, respectively. Seventeen out of 19 sectoral indices on BSE gained with oil and gas, energy, auto, and realty rising over 1% followed by capital goods, healthcare, and bankex. Telecom and FMCG were trading lower.
Tata Motors Ltd, Bajaj Auto Ltd, Reliance Industries Ltd, Indian Oil Corp. Ltd and Bharat Petroleum Corp. Ltd were among the top gainers, whereas Bharati Airtel Ltd, NTPC Ltd, Wipro Ltd and ITC Ltd were among the major losers.
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https://www.livemint.com/Money/KF36tHNPEndP83ZMOIDiqO/Sensex-gains-over-100-points-led-by-auto-RIL-shares.html
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