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Sensex, Nifty Start On A Positive Note Amid Firm Global Cues

Sensex, Nifty Start On A Positive Note Amid Firm Global Cues

Domestic equity benchmarks BSE Sensex and NSE Nifty started on a positive note on Wednesday tracking firm cues from global markets after U.S. President Donald Trump hinted at the possibility of a trade deal with China in the future.

In early session, 30 share index surging over 200 points and broader NSE Nifty was also trading 21.65 points, or 0.19%, up at 11,243.70.

In the previous session on Tuesday, the BSE bourse settled at 37,318.53, gaining 227.71 points or 0.61%; and the Nifty ended at 11,222.05, 73.85 points or 0.66% higher.

According to traders, investors took cues for other Asian bourses which were trading higher after U.S. President Trump hinted at the possibility of a trade deal with China, in a series of tweets.

Foreign institutional investors (FIIs) sold equity worth ₹2,011.85 crore on May 14, while domestic institutional investors (DIIs) purchased shares to the tune of ₹2,242.91 crore, provisional data available with stock exchanges showed.

Meanwhile, on the currency front, rupee appreciated 18 paise to 70.26 against the U.S. dollar.

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