BSE Sensex snaps losing streak, up over 180 points on strong overseas cues

The benchmark BSE Sensex was trading over 160 points up in the early morning trade, snapping out its losing streak since last week. 

The BSE Sensex has been under pressure thanks to weak global cues since last week and a lack of defining macro-economic indicators from within the country. The 30-share benchmark largely traded below the red line or flat until this morning.

At 0936 hours, the BSE Sensex was trading at 28,087.89, up 185.23 points or 0.66% higher from Monday's close. 

Strong cues from the global market also supported the strength in the domestic markets. 

Asian shares bounced on Tuesday as doubts the Federal Reserve really would hike interest rates as soon as September restrained the dollar, while investors continued to count on more policy stimulus elsewhere in the world, a Reuters report said.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, recouping around half of Monday's loss. Stocks in South Korea added 0.7% and Australia 0.4%, it added. 

On the BSE Sensex, the top gainers including Jubilant LifeSciences, up 4.13%; Delta Corp, up 3.53%.

The top losers included Polaris, down 1.25%; Care Rating, down 0.98%.