Sensex, Nifty today: Indian Indices closed green on Tuesday amid strong global cues, a dovish approach of the fed chair on the rate cut and hopes of the end to the trade war among two biggest economies, the US and China. The BSE 30 share index, Sensex surged 102 points or 0.36 per cent to close at Rs 35,980, While the 50 share index Nifty 50 closed at Rs 10,788, driving 16.80 points or 0.16 per cent upside. 
 
Asked about the reason for this rise, the Senior V-P of Kotak Securities said that expected ease in US-China trade stand-off and slide in the dollar against major emerging economy's currencies are one of the major reasons for this rise in BSE Sensex.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Telecom, banking, metal, auto, and the majority of other sectoral indices too ended in the green zone. Telecom led from the front logging more than a percent in intraday trading. Himachal Futuristic Communications, GTL Infra, OnMobile Global, Tejas Network and Reliance Communication were among the top gainers among the telecom strips. 

Himachal Futuristic Communications and OnMobile Global gained near 11 percent in Tuesday trade while Tejas Network went northward gaining over 6.5 percent. Reliance Communication too gained by near 0.75 percent.

In the banking sector State Bank of India, ICICI, Axis Bank and Yeas bank stocks were among the top gainers of the intraday trade. State Bank of India gained around 2.8 percent, ICICI stock gained near 3 percent, Axis Bank gained over 1.3 percent while the Yes bank strip went northward by around 1.7 percent.

Among metal stocks, Jindal Steel and Power gained by near 3.4 percent while SAIL went up by around 1.5 percent and Tata Steel went northward by around 1 percent.

Today's Results: 

-Tata Elxsi: It has reported a dip of 20 percent quarter on quarter in its net profit at Rs 66 crore versus Rs 82.2 crore last quarter. However, revenue grew 1 per cent at Rs 407 crore against Rs 403 crore during the last quarter. 

The rupee moved weaker during the day, was down by 25 paise to 70.05 against US dollar, even as crude oil corrected further. The Brent crude took a jump of 0.80 per cent to trade at $57.79 per barrel.

Taking a cue from the upcoming US-China trade talks this week that may ease the trade war between the two countries, a majority of the Asian markets showed signs of the bull run. Shanghai index remained flat, losing 7 points during session. 

Among other major Asian bourses, Nikkei closed 165 points up logging 0.82 percent gain from its previous close, Hang Seng too logged over 40 points gain from the last trading session while Kospi corrected 0.60 percentage points from the Monday closing.

Watch this Zee Business tweet video:

TOP GAINERS:

1. Sun Pharma: It closed at Rs 448.75, surged 4.17 per cent strong at the end of the session.

2. ICICI Bank: It jumped 3.15 per cent up to closed strong at Rs 380.

3. SBI: It witnessed a recovery of 3 per cent to end the day at Rs 305.

TOP LOSERS:

1. UPL: It witnessed a dip of around 1.67 per cent to close at Rs 751.

2. Kotak Mahindra: It saw a correction of 1.5 per cent to call of the day at Rs 1,228.

3. BPCL: It moved to Rs 350, losing 1.38 per cent in the trading session.