Closing bell: Sensex rises 400 points, Nifty near 10,450, banking stocks gain | Indian Share Market

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Closing bell: Sensex rises 400 points, Nifty near 10,450, banking stocks gain

BSE Sensex trades over 400 points up, while the Nifty 50 trades around 10,450. Here are the latest updates

The BSE Sensex jumped more than 400 points to hit all-time high on Wednesday after closing lower in the previous session. The broader NSE’s Nifty, too, rose to cross the 10,400 mark for the first time and inches closer to 10.450. The Indian rupee opened at six-week high against the US dollar. India’s ranking in the World Bank ease of doing business survey for 2018 climbed a record 30 notches to 100 as a range of regulatory and policy reforms put in place by the Union and state governments over the past four years started delivering results.

Traders await the start of central bank meetings and the nomination of the next Fed chair. According to Bloomberg report, rates are widely seen staying unchanged and investors appear more focused on the nomination of the next Fed chair, which is expected on Thursday. Here are the latest updates from the markets:

3.07pm: UFO Moviez India Ltd said it has been in discussions with Qube Technologies for a possible transaction. UFo Moviez gave the statement in response to an ET Now report that the company is in talks with Qube for a merger. UFO Moviez shares rose 1.11% to Rs438.

2.43pm: BSE Sensex rose 405.40 points, or 1.22%, to 33,618.53, while the Nifty 50 gained 106.25 points, or 1.03%, to 10,441.55.

source: livemint.com

Categories:   BSE and NSE, Higlighted News, Indian share market, Indian Stock Market, Indian Stock Pick

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