Markets open in red, all major indices down 0.2%

Sensex up over 250 points Nifty above 10,300-mark

The BSE Sensex, after a gap down opening at 33,733.55, continued its slide to touch a low of 33,580.69 intra-day.

MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.05 percent during early trade. During the day, the barometer swung nearly 295 points (both sides).

The NSE index Nifty climbed 19.65 points, or 0.18 per cent, to 10,441.05. Intra-day it touched a high of 10,420.35. Sectoral indices led by metal, PSU, realty, oil & gas, auto, power and bank stocks were trading in the negative zone, falling up to 0.87 per cent. "The gains came on the back of positive global equity markets as worldwide trade-war concerns took a backseat to economic optimism following a stronger U.S. jobs report released over the weekend", Deepak Jasani, Head - Retail Research, HDFC Securities, told IANS. Investors were focused on USA inflation data due later in the day (1230 GMT) for clues on the pace of Federal Reserve interest rate rises this year.

The government will announce inflation data based on consumer price index (CPI) and industrial production data after market hours today. Yes Bank rose 1.85 per cent to emerge as the biggest gainer among Sensex scrips. On Tuesday, the RBI had banned the practice of issuing letters of undertaking (LOUs) by lenders to prevent the recurrence of PNB-like frauds that is given an valuation of around Rs 13,000 crore involving Nirav Modi and Mehul Choksi.

Axis Bank, Sun Pharma, Bharti Airtel, Wipro, Dr Reddys, ICICI Bank, Tata Steel, SBI, Hero MotoCorp, Bajaj Auto, Yes Bank, HDFC Ltd, Tata Motors, Asian Paints and RIL ended in the positive zone, rising up to 2.23 per cent and capped the fall.

However, oil major ONGC dropped by 1.53% after crude prices surged. The BSE Sensex reclaimed the 34,000-mark in the course.

While, TCS, Coal India and NTPC were the top losers.

The Bombay Stock Exchange building in Mumbai.

Bucking the trend BSE small-cap index rose by 1.14 per cent and mid-caps gained 1 per cent as retail investors raised their bets.

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