Sensex rises for 8th straight session; Nifty reclaims 10500

Sensex rises for 8th straight session; Nifty reclaims 10500

The Nifty April 2018 futures traded at 10545.70, a premium of 17.35 points compared with the Nifty's spot closing of 10528.35 in the cash market.

Domestic bourses started the day on a sluggish note due to mixed cues from Asian markets in the wake of US-led allied forces' attack on Syria, fuelling fresh geopolitical tensions.

Hero MotoCorp (2.02%), Kotak Mahindra Bank (1.88%) and Adani Ports (1.85%) were the top gainers on Sensex.

According to government data, wholesale inflation eased marginally to 2.47 per cent in March on cheaper food articles, especially pulses and vegetables.

Besides, reflecting further improvement in the economic situation, industrial production grew by a healthy 7.1 per cent in February while the key retail inflation slipped to a five-month low of 4.28 per cent in March, official data showed on Thursday.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,944.73 points, traded at 34,147.31 points (12.58 p.m.) - down 45.34 points or 0.13 per cent from its previous session's close.

More news: Two Pak soldiers martyred in Afghan border clash

Rising for the 8th straight session the Sensex zoomed over 100 points at while the Nifty reclaimed 10,500 level on Monday as the wholesale price-indexed (WPI) inflation softened in March.

At 10am, Sensex was down 0.12% at 34,151.86 points, while the Nifty 50 edged down 0.14% to 10,466 points.

Infosys Ltd shares fell as much as 6% after the company lowered its operating margin outlook and its plan to sell Panaya and Skava. Intra-day, it hovered between 10,396.35 and 10,540.15.

Losses in the market were led by IT stocks which fell tracking selloff in Infosys shares.

The BSE market breadth was, however, bearish with 1,430 declines and 1,232 advances.

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