Published: Tue, April 17, 2018
Economy | By

Sensex Edges Higher, Infosys Shares Fall For Second Day

Sensex Edges Higher, Infosys Shares Fall For Second Day

The Sensex touched a high of 34,341.46 points and a low of 33,899.34 points during the intra-day trade. Earlier the gauge had gained almost 1300 points in the previous eight sessions.

Asian markets were trading mixed as investors parsed a mixed set of economic numbers out of China and sought fresh leads after weeks of volatility sparked by trade frictions and geopolitical conflict.

At 3.30 p.m., the NSE Nifty50 provisionally closed at 10,528.35 points - up 47.75 points or 0.46 per cent from its previous close.

The Indian Meteorological Department on Monday said the country will receive a normal monsoon rainfall this year, raising hopes for higher farm output and a boost to the rain-dependent rural economy.

Pharma and sub-indices rallied the most gaining 1.56 per cent and 1.05 per cent respectively. It was down 1.5 per cent to be the top loser in the Nifty.

In other Asian markets, Hong Kong's Heng Seng was up to 0.02 percent, Japan's Nikkei ended higher 0.01 percent in early trade.

Overnight, the Dow gained 0.87 percent and the S&P 500 rose 0.8 per cent on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about the earnings season and appeared less anxious about US-led missile attacks in Syria.

On Monday, the rupee closed at a six-month low of 65.49, falling 29 paise, or 0.44 per cent.

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