Sensex, Nifty end in the green after a two day blip, as crude prices fall

BSE Sensex
BSE Sensex

The 30-share benchmark Sensex ended 196.19 points higher on Tuesday at 36,519.96 and the broader Nifty50 closed at 11,008.05, up 0.65%, led by gains in banking and oil marketing company stocks.

ALSO READ: IMF trims India’s 2018 growth prediction to 7.3% on oil concerns

Oil prices have fallen by almost 10% over the last week as crude export terminals in Libya have reopened and exports from other Opec countries and Russia have improved. The Indian rupee strengthened against the US dollar.

Ten of the 11 sectoral gauges compiled by NSE advanced, led by NSE Nifty PSU Bank Index’s 3.9% gain. On the flipside, NSE Nifty FMCG Index was the only sectoral loser, down 1%.

 

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