Sensex logs first gain in 3 days, mainly on banks' support

The 30-share index slipped 60.10 points or 0.18 percent to 32,536.44. The benchmark had lost 539.64 points in the previous two sessions. Reuters File

The 30-share index slipped 60.10 points or 0.18 percent to 32,536.44. The benchmark had lost 539.64 points in the previous two sessions. Reuters File

Asian markets too firmed up and Europe opened higher after Wall Street rebounded in previous trading session as trade tensions between the USA and China appeared to ease.

The S&P BSE Sensex 233.41 points to a day's top of 33,299.82 whereas NSE Nifty mounted 10,192.65, up by 62 points.

The Sensex touched a high of 33,115.41 points and a low of 32,515.17 during the intra-day trade.

Trade-war worries eased following reports that the USA and China are willing to negotiate trade-related issues and avert a potential trade war.

Among BSE sectoral and industry indices, bankex rose by 2.30 per cent, metal 2.27 per cent, finance 2.26 per cent, consumer durables 2.24 per cent, telecom 1.74 per cent, capital goods 1.60 per cent, auto 1.45 per cent, realty 1.23 per cent and industrials 1 per cent.

Meanwhile, on a net basis, DIIs bought shares worth Rs 2,017.95 crore, while foreign portfolio investors (FPIs) sold shares of Rs 741.19 crore on Monday.

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On the contrary, Bharti Airtel and Hero Motocorp traded under pressure.

However, Wipro, Infosys, and TCS ended in the negative zone, falling up to 3.96 per cent on strengthening rupee against the dollar.

The laggards were BSE Information Technology (-0.68%), Oil & Gas (-0.31%) and Teck (-0.08%) were the only laggards. India INX has maintained its lead in IFSC GIFT City with an overall market share of almost 82 per cent for March 2018.

In the broader market, the BSE Midcap and the BSE Smallcap indices outperformed to rally 1 per cent and 1.36 per cent, respectively.

Positive sentiment in Asian markets after reports of talks between the United States and China to renegotiate tariffs and trade imbalances eased trade war concerns, also contributed to the gains.

In Europe, Frankfurts DAX inched up 0.63 per cent, while Paris CAC 40 rose 0.31 per cent in their early deals.

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