Sensex, Nifty Trim Early Gains As Metals Weigh: 10 Things To Know
- At 12:46 pm, the Sensex was trading 194 points higher at 36,175, and the Nifty was up 38 points at 10,840.
- Top gainers on the 50-scrip index were Axis Bank, Wipro, Eicher Motors Indiabulls Housing Finance and Tata Motors, trading between 1.19 per cent and 1.77 per cent higher.
- The Nifty IT - comprising technology stocks - jumped as much as 1.5 per cent in morning.
- Infosys shares jumped nearly 3 per cent to hit an intraday high of Rs 689.80 by then, a day after the IT major said its board will consider a share buyback and a special dividend in its meeting on January 11.
- Analysts say investors will closely watch the key corporate earnings due this week for domestic cues.
- TCS and Infosys will report their financial results for the October-December period on Thursday and Friday respectively.Â
- Domestic equity markets tracked across Asian peers, where increasing optimism that China and the US will be able to hammer out a deal to help ease their trade war provided the impetus for more gains. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.5 per cent after China-US trade talks in Beijing were extended for an unscheduled third day, suggesting some progress was being made.
- The mood among dealers has improved markedly this week as officials from China and the US hunker down for trade negotiations in Beijing that have extended into a third day. US President Donald Trump on Tuesday described them as going "very well", news agency AFP reported.
- The Sensex ended a choppy trading session on Tuesday 130 points - or 0.4 per cent - higher at 35,980, while the Nifty rose 30 points to 10,802.
- Meanwhile, the rupee edged higher to 70.14 against the dollar in early trade, as against its previous close of 70.20. The currency is forecast to weaken to 71.50 per dollar in a year, according to a poll by news agency Reuters.
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