Friday, Mar 29, 2024 | Last Update : 03:39 PM IST

  Business   Market  17 Apr 2018  Sensex extends gains on normal monsoon forecast

Sensex extends gains on normal monsoon forecast

PTI
Published : Apr 17, 2018, 10:05 am IST
Updated : Apr 17, 2018, 10:05 am IST

The 30-share barometer was trading higher by 92.66 points, or 0.27 per cent, at 34,398.09.

NSE Nifty rose 29.20 points, or 0.27 per cent, to 10,557.55.
 NSE Nifty rose 29.20 points, or 0.27 per cent, to 10,557.55.

Mumbai: Extending its rising streak for the ninth session, the benchmark BSE Sensex advanced nearly 100 points in opening trade on Tuesday, after forecast of a normal monsoon for the year.

The 30-share barometer was trading higher by 92.66 points, or 0.27 per cent, at 34,398.09, with power, metal, PSU, infrastructure, realty, capital goods and auto sector stocks leading the trend.

The gauge had gained 1,286.36 points in the previous eight sessions.

Similarly, the NSE Nifty rose 29.20 points, or 0.27 per cent, to 10,557.55.

The Indian Meteorological Department yesterday said the country will receive "normal" monsoon rainfall this year, raising hopes for higher farm output and a boost to the rain-dependent rural economy.

Mixed trend at other Asian markets following a positive lead from Wall Street also influenced sentiment.

Major gainers were Power Grid, M&M, NTPC, Tata Steel, Tata Motors, Coal India, Dr Reddy's, Adani Ports and Bajaj Auto, rising up to 3.27 per cent.

Meanwhile, among other Asian markets, Hong Kong's Hang Seng was up 0.02 per cent, Japan's Nikkei edged higher 0.01 per cent in early trade. Shanghai Composite Index, however, fell 0.25 per cent.

The US Dow Jones Industrial Average ended 0.87 per cent higher in Monday's trade.

Tags: sensex, bse, nse, nifty, stock market
Location: India, Maharashtra, Mumbai (Bombay)