Sensex regains 33000-mark, Nifty back to 10200 points

Jeannie Matthews
March 21, 2018

At 3.30 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE closed the day's trade at 33,136.18 points, up by 139.42 points or 0.42 per cent, from its previous close of 32,996.76 points.

Rupee is trading at 65.19 against the U.S. dollar in early trade ahead of the Federal Reserve's policy decision.

On Wednesday, Asian indices were mostly showing a positive trend.

HDFC Group stocks and Reliance Industries helped the market close higher but the selling pressure in ICICI Bank and Tata Stocks capped upside.

Meanwhile, Hong Kong's Hang Seng rose 1.25%, while Shanghai Composite Index gained 0.40% in early trade on Wednesday.

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The NSE Nifty index was trading 92 points up at 10,217, while the BSE Sensex was up 318 points at 33,315 around 10:15 am (IST).

Market breadth was negative with 1,020 advances against 1,435 declines.

On the stock front, Bharti Airtel was the biggest gainer among Nifty50 stocks after global brokerage firm Goldman Sachs has reiterated its Buy rating on the stock & added it to the conviction list as the risk-reward appears attractive.

Despite of some cautions that prevailed ahead of the US Federal Reserve's meeting, the key Indian equity indices on Tuesday closed in the positive territory on short covering in IT and pharma stocks.

State Bank of India advanced 1.6 percent.

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