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Economy

Sensex ends higher at 36,212.98 pts on firm global cues

Mumbai, Jan 9 : Continuing its winning streak for the fourth straight session on Wednesday, the benchmark index of Bombay Stock Exchange (BSE) rose by 231.98 points to end positive at 36,212.98 on renewed buying in FMCG, Health Care, Auto, Bankex and Metal stocks amid firm cues from global peers on hopes of a likely deal between the US and China to end their trade tiff.

The Nifty of National Stock Exchange (NSE) too went up by 53.00 points to 10,855.15.Indices opened higher and continued trading on a firm note inmorning trade. They, however, trimmed gains in mid-morning trade and slide further in early afternoon trade. After firming up briefly in afternoon trade, key barometers sharply reversed trend and turned negative in mid-afternoon trade only to bounce back in late trade.

The Nifty registered day's high and low at 10,870.40 and 10,749.40 points, respectively. The broader markets were also under pressure, as the BSE Mid-Capindex and Small-Cap declined by 0.04 per cent and 0.17 pc, respectively. The market breadth was negative on BSE, as 1,155 shares advanced against 1,442 declined and 150 were unchanged.

Elsewhere in the world, stocks in Europe were trading higher on Wednesday as investors monitored an unexpected third day of trade talks between China and the US.

Asian shares closed firm on Wednesday, as investors remained cautiously optimistic that Beijing and Washington could move forward on a trade deal. Investors will be watching out for developments on the US-China trade front after negotiations between the world's two largest economies extended into an unscheduled third day.
US stocks closed higher for the third straight session Tuesday as optimism over US-China trade talks bolstered sentiment.

On the US data front, small-business optimism fell in December, according to the National Federation of Independent Business small-business optimism index, which decreased 0.4 points to a seasonally adjusted level of 104.4, its lowest in 14-month. (UNI)