Sensex gains 100 pts, Nifty nears 11,400; BoB plunges 13%, Dena Bank surges 20%

NEW DELHI: Indian equity benchmarks open higher on Tuesday amid weakness in financial markets across the globe amid US President Donald Trump's comment on China tariff.

US President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports, but sparing smart watches from Apple and Fitbit and other consumer products such as bicycle helmets and baby car seats, Reuters reported.

Sensex was trading 101 points up at 37,687 while Nifty50 was 20 points up at 11,398 around 9:25 am.


Select bank, financial and energy counters were trading with gains, causing the Sensex to remain in the green.

However, losses in select IT and metal counters were capping the gains for the benchmark.

YES Bank, Hindustan Unilever, Asian Paints, Sun Pharma and Tata Steel were leading among Sensex scrips.

On the flip side, Wipro, PowerGrid, Tata Motors, HDFC, BHarti Airtel and Vedanta were among the losers in the Sensex kitty of stocks.

Among the sectoral indies on BSE, IT, teck and telecom were in the red.

IT majors Wipro, TCS, Mindtree and Tech Mahindra were subdued even as the rupee opened 4 paise down at 72.55 against dollar on account of sustained buying of American currency by banks and importers.