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Stock market: Sensex climbs over 200 pts, Nifty50 above 10,400

Market Now: Sensex, Nifty move higher; these stocks jump up to 15%

Benchmark indices opened on a firm note on Tuesday amid ease in concerns over US President Donald Trump-led ‘trade wars’. Most Asian markets mirrored gains seen on US stocks in overnight trade. Domestic indices were no exception.

Shares of Diamond PowerBSE 15.28 % Infra (up 15 per cent), GSS Infotech (up 13.07 per cent) and Raj Rayon Industries (up 12.50 per cent) jumped up to 15 per cent in morning trade on Tuesday, reflecting the positive temperament of markets.

Shares of PG ElectroplastBSE 1.55 % (up 10 per cent), Rajvir Industries (up 8.57 per cent), Zylog SystemsBSE 8.77 % (up 8.11 per cent) and Schneider Electric Infrastructure (up 6.80 per cent) climbed up to 10 per cent.

Benchmark indices opened on a firm note on Tuesday amid ease in concerns over US President Donald Trump-led ‘trade war’.

Most Asian markets mirrored gains seen on US stocks in overnight trade.

Most of the metal & mining stocks, including Tata Steel, Jindal Steel & Power, Vedanta and National Aluminium Company (NALCO) were trading up after President Donald Trump indicated that the proposed tariffs on steel and aluminium imports will not be implemented if a “fair” NAFTA agreement is reached.

The NSE Nifty index was trading 33 points up at 10,392, while the BSE Sensex was 110 points up at 33,857 around 10:35 am (IST).

Tata Steel, IndusInd BankBSE 2.01 %, Vedanta, HCL Technologies and Aurobindo Pharma were among the top gainers in the Nifty50 index, while Bharti Infratel, Bosch, Mahindra & Mahindra, Coal India and Lupin were among the top losers.

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