The NSE Nifty wrested control of the crucial 10,400-mark.

Mumbai: Sensex and Nifty edged higher today, boosted by higher global markets. The announcement of the state election results also removed uncertainty for the domestic markets said analysts. The direction of the Sensex and Nifty remains positive in the near term and would be impacted by global development.


*Sensex gained nearly 150 points in early trade.

*Nifty remained firm above 10,400.

*Market trend remains positive in near term, said analysts.

Uplifted by the BJP’s electoral success in Gujarat and Himachal Pradesh, the Sensex on Tuesday bounced back by 143 points as it moved closer to an all-time high.

 Firm Asian stocks on bets that U.S. tax reforms Bill will go through supported the uptrend. The NSE Nifty wrested control of the crucial 10,400-mark.

In the sectoral space, all indices were up, driven by auto and consumer durables, with gains of up to 1.22%.

The 30-share BSE sensex advanced 143.22 points, or 0.42%, to 33,744.90. The gauge had rallied 548.64 points in the previous three sessions. The 50-share NSE Nifty also went up 39.45 points, or 0.37%, to 10,428.20.

Major gainers were Banking, metal and auto stocks. Tata Motors, M&M, ICICI Bank, ONGC, Bajaj Auto and Maruti Suzuki, rising up between 1.59% and 2 per cent.

The rupee also edged higher to 64.18 in recent trade.

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