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Sensex rises 149 points, Nifty retakes 9,800-level Aug 23, 2017 10:22 IST

by August 23, 2017 General

The BSE Sensex firmed up by another 149 points and the Nifty reclaimed the 9,800-mark in opening trade on Wednesday, aided by fresh buying mainly in realty, healthcare and banks, coupled with positive global cues.

The 30-share index moved higher by 149.01 points, or 0.47%, to 31,440.86. The gauge had gained 33 points in Tuesday’s session.

All the sectoral indices led by realty, healthcare, PSU, bank and capital goods leading the gains, rising by up to 1.50%.

The National Stock Exchange index Nifty too rallied by 51.15 points, or 0.52%, to trade at 9,816.70.

Brokers said sentiment bolstered largely in tune with a firming trend across Asian market following overnight gains at Wall Street, driven by growing optimism over a US tax reform plan and as investors look ahead to a key central bankers meeting.

The big gainers that supported the key indices were Adani Ports, Bharti Airtel, Dr Reddy’s, NTPC, SBI, ICICI Bank, ITC Ltd, Lupin, Cipla, Axis Bankm, Bajaj Auto and HDFC Ltd, gaining by up to 1.87%.

Globally, Japan’s Nikkei moved up 0.46 per cent, while Shanghai Composite Index added 0.02%. Korea too ticked up 0.05%, Singapore rose 0.20% and Taiwan gained 0.28% in morning trading.

The US Dow Jones Industrial Average ended 0.90% higher on Tuesday.