Markets open in green, Sensex edges up over 100 points

At 9:27 AM the benchmark Sensex was trading 157.38 points or 0.48 percent up at 33,223.79 while the NSE Nifty was trading 52.30 points or 0.52 percent up at 10,182.95.

Markets open in green, Sensex edges up over 100 points

New Delhi: Market opened in the green on Tuesday amidst positive global cues after reports of behind-the-scenes talks between the United States and China rekindled hopes a damaging trade war could be averted.

At 9:27 AM the benchmark Sensex was trading 157.38 points or 0.48 percent up at 33,223.79 while the NSE Nifty was trading 52.30 points or 0.52 percent up at 10,182.95.

Wall Street`s three major indexes jumped to their greatest one-day gain in two-and-a-half years on Monday.The Dow Jones Industrial Average rose 669.4 points, or 2.84 percent, to 24,202.6, the S&P 500 gained 70.29 points, or 2.72 percent, to 2,658.55 and the Nasdaq Composite added 227.88 points, or 3.26 percent, to 7,220.54.

Taking its cue from a surge on Wall Street, Japan`s Nikkei climbed 1.1 percent in early trade.

MSCI`s broadest index of Asia-Pacific shares outside Japan firmed 0.4 percent. South Korea`s KOSPI rose 0.7 percent, adding to gains made after the U.S. exempted the country`s steel from import tariffs.

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