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BSE up over 100 points on strong global cues

The benchmark BSE Sensex continued its upward streak for a second day on the back of strong cues from the global stock markets.

DNA Web Team

Updated : Mar 22, 2018, 02:42 AM IST

The benchmark BSE Sensex continued its upward streak for a second day on the back of strong cues from the global stock markets.

On Wedesnday morning, the 30-share index was above the 28,000-level, a breached on Tuesday. In early trade, the Sensex was at 28,446.09, up 103.08 points or 0.36% from previous day's close.

The markets rallied over 400 points on Tuesday.

In the Asian markets, while the level eased slightly, taking cues from the Wall Street, they were still set for a monthly rise as investors awaited upcoming jobs data from the US. Encouraging data from the US may prompt the US Federal Reserve to increase interest rates as early as September after its Chair Janet Yellen hinted at a hike this year on the back of an improving economy.

Japan's Nikkei stock index added 0.9%, poised to rise 1.8% for the month, as it got a boost from a weaker yen after upbeat US data lifted the dollar overnight. The dollar was steady at 102.93 yen after rising as high as 103.14 yen overnight, its strongest since July 29. It was up 0.9%for the month, a Reuters report said.

On the BSE, the top gainers were HCC 6.10%, Crompton Greaves 3.54%, SREI Infrastructure 3.29%, UltraTech Cement 3.11%. The top losers were, Delta Corp 4.65%, Cox & Kings 1.71%, ONGC 1.12% and TCS, down 1.05%.

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