Sensex trades over 90 points higher on positive global cues

At 9.29am, the Sensex was trading up 0.44%, or 92.16 points, at 20,903.6 points. Photo: Hemant Mishra/Mint

Mumbai: The 30-share bellwether BSE Sensex on Tuesday was trading over 90 points higher tracking gains in global markets.

At 9.29am, the Sensex was trading up 0.44%, or 92.16 points, at 20,903.6 points, while the National Stock Exchange’s (NSE’s) broader 50-share Nifty was trading higher 0.48%, or 29.7 points, at 6,215.8 points.

The gainers included Bharti Airtel Ltd that rose 1.18% to Rs.286.25 and ICICI Bank Ltd that jumped 1.14% to Rs.1,048.

Among the losers, Dr Reddy’s Laboratories Ltd shares lost 0.45% to Rs.2,782.5 and Maruti Suzuki India Ltd fell 0.09% to Rs.1,681.90.

All sectoral indices are in green. The BSE Bankex index rose 0.72% to be the biggest gainer, while the S&P BSE consumer durable index rose 0.6%.

Financial Technologies (India) Ltd (FTIL) was trading at Rs.329.4 on BSE, up 2.08% from its previous close, while Multi Commodity Exchange of India Ltd (MCX) was trading at Rs.506.6 on BSE, up 0.91% after sources said that corporate affairs ministry has found that the management of National Spot Exchange Ltd (NSEL) violated companies law and that the board of its parent FTIL may be liable for the breaches.

Ranbaxy Laboratories Ltd was trading at Rs.359.30 on BSE, down 1.11% after Daiichi Sankyo Co. Ltd said on Tuesday its Indian unit Ranbaxy has suspended shipment of pharmaceutical ingredients produced at its Toansa and Dewas plants.

US markets closed lower on optimism about merger activity and gains in shares of health insurance companies. The Dow closed up 0.64%, while the S&P 500 gained 0.62% and the Nasdaq 0.69%.

Asian markets were trading higher. Japan’s Nikkei Stock Average gained 1.35%, Hong Kong’s Hang Seng was up 0.51%, while China’s Shanghai Composite was marginally down 0.01%.

Rahul Kumar

1st year pgdm