Sensex jumps over 200 pts on firm global cues

DN Bureau

Domestic equity benchmark BSE Sensex rallied over 200 points Monday, tracking positive cues from global equities amid easing trade tension between the US and China.

BSE
BSE

Mumbai: Domestic equity benchmark BSE Sensex rallied over 200 points Monday, tracking positive cues from global equities amid easing trade tension between the US and China.

The 30-share index was trading 249.57 points, or 0.63 per cent, higher at 39,644.21 at 0930 hours. Similarly, the broader NSE Nifty was quoting 71.35 points, or 0.61 per cent, up at 11,860.20.

In the previous session Friday, the BSE gauge settled 191.77 points, or 0.48 per cent, lower at 39,394.64, and the Nifty fell 52.70 points, or 0.45 per cent, to end at 11,788.85.

Prime Minister Narendra Modi and Trump, at the G20 meeting on Friday, agreed for an early meeting of their commerce ministers to sort out concerns over bilateral trade disputes.

Market is also upbeat amid expectations of reforms from the upcoming Union Budget, they added. On the currency front, the Indian rupee appreciated 9 paise to 68.93 against the US dollar.

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