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Sensex gains over 250 points on strong global cues

Sensex gains over 250 points on strong global cues

Mumbai: Equity indices opened on a positive note on Wednesday with virtually all sectoral indices trading in the green led by realty, energy, metal, infrastructure, pharma and FMCG scrips.

It was a strong start for the indices which got a boost on cues from Asian markets as well.

At 11:15 am, the BSE Sensex was up 264 points at 35,617 while the Nifty 50 was trading 81 points higher at 10,685.

Yes, Bank, Indiabulls Housing Finance, Vedanta, Tata Steel, Power Grid, Dr Reddy’s Lab and Bajaj Finserv were among major gainers. The losers include Zee Entertainment, Reliance Capital, Bajaj Capital and Hero Motorcorp.

Meanwhile, Asian stocks advanced to four-and-a-half month highs as investors were optimistic about talks between US and Chinese trade negotiators.

On Tuesday, US President Donald Trump said trade talks with China were going well and he was open to extending the March 1 deadline to complete negotiations.

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