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       Sensex soars 128 pts in early trade on firm global cues
 
         Posted on :09:56:05 May 10, 2018
   
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       Last edited on:09:56:05 May 10, 2018
         Tags: Sensex up 128 pts, Sensex news, update
 

MUMBAI: The BSE Sensex rallied over 128 points to 35,447.43 in early session Thursday, maintaining its positive form for the fourth straight day on positive cues from global markets.

Unabated buying by domestic institutional investors fuelled the uptrend, brokers said.

The 30-share Sensex, which gained 403.97 points in the previous three sessions, added 128.08 points, or 0.36 per cent, at 35,447.43.

All sectoral indices of BSE led by auto, IT, teck, capital goods and banking were in the positive zone, rising by up to 0.59 per cent.

The NSE Nifty too jumped 39.65 points, or 0.36 per cent, to 10,781.35.

Prominent gainers that supported the upward trend included ICICI Bank, M&M, Bharti Airtel, ONGC, RIL, Kotak Bank, HUL, Axis Bank, Coal India, L&T, TCS, HDFC Bank and Infosys, gaining up to 1.16 per cent.

Investors were busy expanding their positions amid expectations of encouraging earnings from more companies, they added.

A firming trend in rest of Asia following overnight positive leads from the Wall Street too influenced sentiments here.

Globally, oil prices traded higher as investors digested the impact of renewed US sanctions on Iran.

Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs. 664.92 crore, while foreign portfolio investors (FPIs) sold shares worth Rs. 704.03 crore yesterday, provisional data showed.

Japan's Nikkei quoted 0.17 per cent higher while Hong Kong's Hang Seng gained 0.83 per cent in early deals. China's Shanghai Composite Index too rose 0.15 per cent.

The US market ended 0.75 per cent higher yesterday.

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       BUSINESS
Next Article: GST on langar: SGPC writes to Centre again, gets no reply
 
 
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