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Tracking global cues, Sensex, Nifty open in green; Metal shares shine bright

Tracking positive global cues, Sensex and Nifty on Tuesday opened in green. The 30-share BSE Sensex was up 111.20 points at 33,899.74 and the 50-share NSE Nifty gained 36.60 points at 10,416.

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Tracking positive global cues, Sensex and Nifty on Tuesday opened in green. The 30-share BSE Sensex was up 111.20 points at 33,899.74 and the 50-share NSE Nifty gained 36.60 points at 10,416. The positivity in indices cameafter China's comments on free trade. 

The 30-share Sensex was trading higher by 130.31 points, or 0.38 per cent, at 33,918.85, with all the sectoral indices rising up to 1.80 per cent.

The gauge had gained 774.47 points in the previous three sessions.

The NSE Nifty breached the 10,400-mark, up 38.80 points, or 0.37 per cent, at 10,418.15.

Meanwhile, domestic institutional investors (DIIs) bought shares worth Rs 359.35 crore yesterday, while foreign portfolio investors (FPIs) remained sellers and offloaded shares worth Rs 1,300.93 crore as per provisional data.

A firm trend in other Asian markets after Chinese President Xi Jinping eased worries over a simmering US trade conflict by promising new measures to open his country's massive economy "wider and wider" boosted investor sentiment here, brokers said.

The rupee's appreciation against the dollar and widening of bets by investors amid optimism ahead of earnings season also supported the uptrend, they said.

Major gainers included Axis Bank, Adani Ports, Tata Steel, L&T, ICICI Bank, Yes Bank, Kotak Bank, TCS, Power Grid, Bajaj Auto, Sun Pharma and Reliance Industries, gaining up to 2.41 per cent.

In the Asian region, Japan's Nikkei gained 1.08 per cent and Shanghai Composite rose 0.75 per cent in early trading today while Hong Kong's Hang Seng was up 0.82 per cent.

The US Dow Jones Industrial Average ended 0.19 per cent higher in yesterday's trade. 

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