Nifty Gains; Sensex Set For Longest Winning Run In 10 Years

Nifty Gains; Sensex Set For Longest Winning Run In 10 Years

The Sensex is trading at 34,434.73 points up by 39.67 points or 0.12 per cent from its Tuesday's close at 34,395.06 points.

Positive Asian cues and the rally in metals & FMCG stocks boosted sentiment, but the sharp correction in oil retailers capped upside.

The benchmark BSE Sensex closed higher by 95.61 points or 0.28 percent at 34,427.29, with overall gains capped by a weakening rupee and rising oil prices. It had gained 420.30 points, or 4.15 per cent in the past nine sessions.

The broader Nifty too opened higher by 30.70 points, or 0.29 percent, at 10,579.40. The broader NSE Nifty stood above the 10,550-mark.

In other Asian markets, Hong Kong's Hang Seng rose 1.34 percent, while Japan's Nikkei gained 0.62 percent.

Major gainers in the 30-share index were Tata Steel (3.17%), Yes Bank (2.83%), Bharti Airtel (2.64%), Larsen & Toubro (1.74%), Dr Reddy'S Laboratories (1.47%) and Tata Consultancy Services (0.99%). Shares of Hindalco soared over 9 per cent while shares of Vedanta Ltd, the Indian unit of diversified miner Vedanta Resources Plc, rose 6 per cent. Tata Steel shares gained over 3 per cent.

Jeff Bezos says 100 million people have signed up for Amazon Prime
Shipping is the main draw of Amazon Prime , as it allows users to get free two-day shipping on all Prime-eligible items. Amazon has also "begun the technical work" to bring Prime benefits to Whole Foods shoppers .

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Until then, you can circle October 20 on your calendar as the projected return date for The Walking Dead season 9. First, the season premiere in October, 2017 earned the lowest premiere ratings for the show since Season Three .

Amir Khan insists Canelo Alvarez should be banned for life
Their first fight sold 1.3m pay-per-views in the United States and generated a live gave of more than $27m, the third-highest in boxing history.

Oil prices extended gains after settling close to 3 percent higher in the previous session on fall in United States crude inventories and after sources told Reuters that top exporter Saudi Arabia is seeking to push oil prices higher.

Meanwhile, the TCS stock closed 0.99% or 31 points higher at 3190 level ahead of the firm's Q4 earnings announcement.

"The recent tiresome phase in index is showing early sign of exhaustion thus profit booking is advisable on every rise".

According to the provisional data, FPIs offloaded shares worth rs 915.71 crore.

The US Dow Jones Industrial Average ended 0.87 percent higher in yesterday.

Meanwhile, shares of state-run oil refiners tumbled and were the top percentage losers on the NSE index as oil prices remain close to late 2014-highs on the back of declining U.S. crude inventories, while top exporter Saudi Arabia pushed for higher prices.

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