Mumbai
\nThe BSE benchmark Sensex opened on a positive note for the third successive session on Wednesday, rising nearly 200 points, on positive global cues as investors await comments from the US Fed and hope for a trade deal between the US and China.<\/p>\n
The 30-share Sensex was trading 177.17 points, or 0.50 per cent, higher at 35,690.31.The NSE Nifty, too, witnessed similar movement, and was trading 35.20 points, or 0.35 per cent, higher at 10,725.60.<\/p>\n
According to analysts, the fall in crude oil prices has catapulted bullish sentiments on the street. \u201cInternational markets will focus on the G20 meeting in Buenos Aires next week for cues on the ongoing US-China trade spat,\u201d they added.<\/p>\n
Top gainers include IndusInd Bank, Infosys, ITC, Kotak Bank, HDFC Bank, Hero MotoCorp, Bharti Airtel, SBI, Asian Paints, TCS, M&M and Bajaj Auto, rising up to 1.93 per cent.<\/p>\n
While Yes Bank was the biggest loser, falling over 4 per cent, after Moody\u2019s Investors Service on Tuesday downgraded Yes Bank\u2019s ratings to non-investment grade and changed the bank\u2019s outlook to negative from stable on the back of various resignations from the board.<\/p>\n
Reports that the sparring promoters of Yes Bank were inching towards a truce failed to lift the stock as there was no clarity over the exact status of the talks with one camp claiming it was at an advanced stage and the other not being on the same page.<\/p>\n
Sources close to Rana Kapoor on Tuesday evening claimed that settlement talks were at an \u201cadvanced stage\u201d, while the Madhu Kapur family maintained that the \u201cdiscussions are still on\u201d.<\/p>\n
\u201cIt is an over five-year-old battle and it will take time for a consensus to emerge. We are not anywhere near a consensus now,\u201d sources close to the Madhu Kapur family told PTI.<\/p>\n
Other losers include ONGC, NTPC, Coal India, Tata Motors, Adani Ports, Wipro, Vedanta and Axis Bank, falling up to 1.33 per cent.<\/p>\n
Meanwhile, the rupee depreciated by 10 paise to 70.89 against the US dollar in early trade at the interbank foreign exchange amid strengthening of the US dollar against some currencies overseas.<\/p>\n
On a net basis, foreign portfolio investors bought shares worth Rs 811.52 crore and domestic institutional investors (DIIs) were net buyers of Rs 31.21 crore, provisional data available with BSE suggested.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mumbai The BSE benchmark Sensex opened on a positive note for the third successive session on Wednesday, rising nearly 200 points, on positive global cues as investors await comments from the US Fed and hope for a trade deal between the US and China. The 30-share Sensex was trading 177.17 points, or 0.50 per cent, […]<\/p>\n","protected":false},"author":1,"featured_media":48576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-48575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/48575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=48575"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/48575\/revisions"}],"predecessor-version":[{"id":48577,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/48575\/revisions\/48577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/48576"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=48575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=48575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=48575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}