Sensex gains 200 points, Nifty above 10,700; YES Bank slips 4%
NEW DELHI: - Positive global sentiment, due to hopes of a possible truce between the US and China on the trade war front, helped domestic equity benchmarks Sensex and Nifty open Wednesday's session in the positive territory. White House economic adviser Larry Kudlow confirmed a dinner powwow between Trump and his Chinese counterpart Xi Jinping at the G20 gathering in Argentina. He also held open the possibility that the two countries would reach a trade deal, Reuters reported. Investors now await Federal Reserve Chair Jerome Powell's speech on Wednesday for clues on future rate hikes by the central bank. Sensex jumped nearly 200 points in early deals and Nifty hovered above 10,730 with buying in most sectors. Around 9:30 am, the BSE Sensex was 172 points, or 0.48 percent up at 35,685, while Nifty was 32 points or 0.30 percent up at 10,717. Midcaps and smallcaps were underperforming benchmark Sensex at that time. ...