Sensex, Nifty upbeat; ITC, banks, Infosys climb higher

The  30-share Sensex was up 209 points at 28,698 and the 50-share Nifty was up 48 points at 8,702.

Stock markets are having a steady session of trade after a bout of volatility witnessed in the previous session post the RBI policy.

At 12:17 PM, the 30-share Sensex was up 209 points at 28,698 and the 50-share Nifty was up 48 points at 8,702.

Asian markets extended gains with Japanese shares inching towards fresh 15-year highs on hopes of additional stimulus measures from major economies in the region such as China and Japan.

Japan’s benchmark Nikkei was up 0.4% while Shanghai Composite came off its early highs and was trading flat. However, Hong Kong markets resumed trading after the Easter holidays and the benchmark Hang Seng jumped 2% while Straits Times was trading flat with negative bias.

Major US stock indices ended flat on Tuesday erasing intra-day gains after the appreciation of the dollar raised concerns on the impact of earnings of US companies operating worldwide.

Logistics majors were in focus after plans by FedEx to acquire Dutch-based firm TNT Express. Meanwhile, crude oil prices eased on the back of rising inventory levels.

The Dow Jones ended down 5 points at 17,875.42, the broader S&P 500 ended down 4 points at 2,076.33 and the tech-laden Nasdaq slipped 7 points to close at 4,910.23.

ITC and Infosys were the top gainers up 0.9% each followed by Sun Pharma, HDFC Bank and ICICI Bank among others.

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