logo
Plus   Neg
Share
Email

Sensex, Nifty End Higher For Eighth Day

Indian shares rose for an eighth straight session on Monday as fears of a wider escalation in the Middle East faded following the weekend's U.S.-led strike.

With Russia not responding to the U.S.-led missile strike on Syria and U.S. President Donald Trump using the phrase "Mission Accomplished" to describe the success of limited airstrikes against Syria, investors veered around to the view that the U.S. has no plans for another strike.

Meanwhile, India's wholesale inflation eased to an eight-month low of 2.47 percent in March on cheaper food articles, the commerce ministry report showed, helping investors shrug off Infosys's lackluster quarterly results and data showing widening trade deficit in March.

The benchmark BSE Sensex ended the session higher by 112.78 points or 0.33 percent at 34,305.43, while the broader Nifty index rose by 47.75 points or 0.46 percent to 10,528.35.

NTPC, UPL, Hero MotoCorp, Grasim and Cipla climbed 2-5 percent in the Nifty pack, while Tata Motors slumped 4.8 percent on reports that its JLR unit is planning to cut costs.

Infosys lost 3.2 percent after the IT firm lowered its EBIT margin guidance. Titan, SBI and Wipro declined 1-2 percent.

UCO Bank plunged 6.3 percent after the CBI booked its former chairman in connection with an alleged Rs 621-crore loan fraud.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Follow RTT