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Sensex climbs 162 points on renewed hope of US tax cuts

Press Trust of India  |  Mumbai 

The benchmark rallied around 162 points in early trade today on widespread gains as investors indulged in widening bets amid firm overseas cues.

The 30-share barometer surged 161.95 points, or 0.55 per cent, to 29,584.34. The gauge had gained 103.29 points in the previous two sessions.



All sectoral indices led by oil&gas, FMCG, PSU, metal and were in the green, gaining up to 0.72 per cent.

Also, the surged 47.25 points, or 0.51 per cent, to 9,183.65.

Industries gained the most among Sensex-30 constituents by climbing 1.62 per cent to Rs 1,391.55.

Firming trend at other Asian markets, tracking overnight gains at the on revived hopes of US cuts mainly accelerated buying activity on the domestic bourses, brokers said.

Sentiments also got a boost after of said it will keep accommodative policy in place.

In other Asian markets, Japan's was up 0.86 per cent while Hong Kong's rose 0.31 per cent in early trade today. Shanghai Composite Index was marginally up by 0.07 per cent.

The US Dow Jones Industrial Average ended 0.85 per cent higher yesterday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Sensex climbs 162 points on renewed hope of US tax cuts

The benchmark BSE Sensex rallied around 162 points in early trade today on widespread gains as investors indulged in widening bets amid firm overseas cues. The BSE 30-share barometer surged 161.95 points, or 0.55 per cent, to 29,584.34. The gauge had gained 103.29 points in the previous two sessions. All sectoral indices led by oil&gas, FMCG, PSU, metal and bank were in the green, gaining up to 0.72 per cent. Also, the NSE Nifty surged 47.25 points, or 0.51 per cent, to 9,183.65. Reliance Industries gained the most among Sensex-30 constituents by climbing 1.62 per cent to Rs 1,391.55. Firming trend at other Asian markets, tracking overnight gains at the Wall Street on revived hopes of US tax cuts mainly accelerated buying activity on the domestic bourses, brokers said. Sentiments also got a boost after Bank of Japan said it will keep accommodative policy in place. In other Asian markets, Japan's Nikkei was up 0.86 per cent while Hong Kong's Hang Seng rose 0.31 per cent in ... The benchmark rallied around 162 points in early trade today on widespread gains as investors indulged in widening bets amid firm overseas cues.

The 30-share barometer surged 161.95 points, or 0.55 per cent, to 29,584.34. The gauge had gained 103.29 points in the previous two sessions.

All sectoral indices led by oil&gas, FMCG, PSU, metal and were in the green, gaining up to 0.72 per cent.

Also, the surged 47.25 points, or 0.51 per cent, to 9,183.65.

Industries gained the most among Sensex-30 constituents by climbing 1.62 per cent to Rs 1,391.55.

Firming trend at other Asian markets, tracking overnight gains at the on revived hopes of US cuts mainly accelerated buying activity on the domestic bourses, brokers said.

Sentiments also got a boost after of said it will keep accommodative policy in place.

In other Asian markets, Japan's was up 0.86 per cent while Hong Kong's rose 0.31 per cent in early trade today. Shanghai Composite Index was marginally up by 0.07 per cent.

The US Dow Jones Industrial Average ended 0.85 per cent higher yesterday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Sensex climbs 162 points on renewed hope of US tax cuts

The benchmark rallied around 162 points in early trade today on widespread gains as investors indulged in widening bets amid firm overseas cues.

The 30-share barometer surged 161.95 points, or 0.55 per cent, to 29,584.34. The gauge had gained 103.29 points in the previous two sessions.

All sectoral indices led by oil&gas, FMCG, PSU, metal and were in the green, gaining up to 0.72 per cent.

Also, the surged 47.25 points, or 0.51 per cent, to 9,183.65.

Industries gained the most among Sensex-30 constituents by climbing 1.62 per cent to Rs 1,391.55.

Firming trend at other Asian markets, tracking overnight gains at the on revived hopes of US cuts mainly accelerated buying activity on the domestic bourses, brokers said.

Sentiments also got a boost after of said it will keep accommodative policy in place.

In other Asian markets, Japan's was up 0.86 per cent while Hong Kong's rose 0.31 per cent in early trade today. Shanghai Composite Index was marginally up by 0.07 per cent.

The US Dow Jones Industrial Average ended 0.85 per cent higher yesterday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22