Nifty regains 9,200-level, Sensex zooms 267 points in early trade

Investors appeared optimistic ahead of quarterly earnings of some key companies.

April 18, 2017 10:07 am | Updated 10:09 am IST - Mumbai

Brokers said value-buying in select bluechips influenced the market sentiment.

Brokers said value-buying in select bluechips influenced the market sentiment.

NSE Nifty reclaims the psychological 9,200-mark and BSE benchmark Sensex soared about 267 points in early trade on Tuesday, triggered by across-the-board buying amid mixed overseas cues.

Investors appeared optimistic ahead of quarterly earnings of some key companies, including IT major TCS which is scheduled to release its results later in the day.

The 30-share index was trading higher by 266.97 points, or 0.90 per cent, to 29,680.63 with all the sectoral indices led by metal, oil & gas and capital goods leading the recovery.

The gauge had lost 374.69 points in the previous three sessions largely on weak global cues on rising geo—political concerns.

The NSE Nifty was up 66.10 points, or 0.72 per cent, at 9,205.40 in early trade.

Brokers said value-buying in select bluechips coupled with a mixed trend in other regional markets following positive lead from Wall Street influenced sentiment here.

Among other Asian markets, Japan’s Nikkei was up 0.23 per cent, while Hong Kong’s Hang Seng down 0.96 per cent in the early deals. Shanghai Composite Index too shed 0.12 per cent.

The US Dow Jones Industrial Average ended 0.90 per cent higher in Monday’s trade.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.