Sensex up 200 points, Nifty above 9550 ahead of F&O expiry

Thursday,   29-Jun-2017   12:08 PM (IST)

Benchmark indices extended gains in the late morning deals tracking Asian Markets after Wall Street ended higher in overnight trade ahead of the June F&O expiry. Gains were however capped after hawkish comments from major central banks signaled rate hikes and that the era of stimulus might be coming to an end. In Britain, Bank of England Governor Mark Carney surprised many by conceding a hike was likely to be needed as the economy came closer to running at full capacity. Mario Draghi had earlier said that stimulus might need to be toned down so it does not become more accommodative as the economy recovers. At 11:24 am, the S&P BSE Sensex was trading at 31,031, up 197 points, while the broader Nifty50 was ruling at 9,555, up 64 points. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.8% and 1.3% respectively.