Sensex jumps over 200 points, Nifty regains 10,800

Japan`s Nikkei rose 0.9 percent while MSCI`s broadest index of Asia-Pacific shares outside Japan gained 0.3 percent.

Sensex jumps over 200 points, Nifty regains 10,800

New Delhi: Markets opened on a positive note on Wednesday with the NSE Nifty regaining the 10,800 level on positive Asian cues.

The BSE Sensex jumped 214.26 points or 0.60 percent to 36,195.19 while the NSE Nifty edged higher by 62.10 points or 0.57 percent to 10,864.25 in early trade.

Sectoral indices, led by IT, teck, realty, auto, capital goods, bankex and power, were trading higher by up to 1.38 percent.

Major gainers in the Sensex kitty were Infosys, Axis Bank, Sun Pharma, Maruti Suzuki, TCS, HDFC, Bharti Airtel, NTPC, RIL, PowerGrid, HDFC Bank, HUL, L&T, Kotak Bank, ITC, Coal India, M&M, ONGC and ICICI Bank, rising up to 1.75 percent.

In contrast, Yes Bank, Tata Steel, IndusInd Bank, Hero MotoCorp, SBI, HCL Tech and Bajaj Auto fell up to 0.52 percent.

Besides, fresh buying by domestic institutional investors (DIIs) and retail investors ahead of Q3 earnings by bluechip companies lifted the key indices.

Meanwhile, domestic institutional investors (DIIs) bought shares to the tune of Rs 698.17 crore, while foreign portfolio investors (FPIs) offloaded shares worth a net Rs 553.78 crore on Tuesday, provisional data showed.

Asian shares inched up on Wednesday, supported by optimism the United States and China can strike a trade deal to avoid an all-out confrontation that will severely disrupt the global economy, a Reuters report said.

Japan`s Nikkei rose 0.9 percent while MSCI`s broadest index of Asia-Pacific shares outside Japan gained 0.3 percent.

Wall Street`s S&P 500 gained 0.97 percent on Tuesday, extending its gains from 20-month lows touched around Christmas to more than 9 percent.

With Agency Inputs