Trade war, Q3 earning keep Sensex, Nifty in a tight range

Caution ahead of the outcome of ongoing US-China trade talks and Q3 corporate earning session kept the major indices in a short range on Tuesday. Sensex and Nifty logged marginal gains during the afternoon session.
The US-China trade talks assume special significance as analysts say both sides face a resumption of tariffs in March if they don't strike a deal. The two economic giants agreed on a 90-day trade truce in early December.
Also, Q3 corporate earning session starting this week kept the investors from taking position.
On the domestic front, RBI Governor Shaktikanta Das will meet representatives of Non Banking Financial Companies (NBFC) on Tuesday pushing the banking stocks 0.82 per cent higher.
In contrast, consumer durable and power sectors traded lower but the finance stocks managed to stay in the green.
At 1.55 p.m., the Nifty50 traded at 10,787.40, higher by 15.60 points or 0.14 per cent from the previous close of 10,771.80.
The S&P BSE Sensex, which had opened at 35,964.62, traded at 35,914.38, higher by 64.22 points or 0.18 per cent from its previous close of 35,850.16.
So far, it has touched an intra-day high of 35,968.08 and a low of 35,753.95.

(Our News Desk can be contacted at

Did you like this story? Make a donation and help us to serve you better.


Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <canvas>
  • Lines and paragraphs break automatically.

More information about formatting options

© Copyright 2012 NetIndian. All rights reserved. Republication or redistribution of NetIndian content, including by framing or similar means, is expressly prohibited without the prior written consent of NetIndian Media Corporation. Write to info[AT]netindian[DOT]in for permission to use content. Read detailed Terms of Use.