Sensex halts nine day losing streak, ends 403.65 points up; Nifty crosses 10,700

The 30-share benchmark Sensex halted a nine day losing streak on Wednesday and was up 403.65 points at 35756.26, while Nifty was up 131.10 points at 10735.50 helped by metal, IT and oil & gas stocks.

Top gainers include Indiabulls Housing, Vedanta, Tata Steel, Adani Ports and Hindalco Industries, while losers are Zee Entertainment, Hero Motocorp, Dr Reddy’s Labs, HUL and Bajaj Auto.

All the sectoral indices ended in green led by metal, IT, energy, infra, bank, pharma and auto stocks.

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Global markets have rallied over the past few days as investors are positive about ongoing the US-China trade talks. On Tuesday US President Donald Trump said that trade talks were going well and suggested he was open to pushing off the deadline to complete negotiations, saying March 1 was not a ‘magical’ date.

Tariffs on $200 billion worth of Chinese imports are scheduled to rise to 25% from 10% from March 1 if the two largest economies in the world do not settle their trade dispute.

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