Thursday, 19 April 2018

Sensex Up 100 Pts Despite Brent Crude Hits $74/bbl; Metal Index Up 2%

Posted by suhani varma on Thursday, April 19, 2018 with No comments



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The market traded higher despite the sharp upmove in crude oil prices, following positive lead from global peers. Investors closely monitor March quarter earnings to get further market direction.

The Sensex was up around 100 points and the Nifty was gradually inching towards 10,600 levels.

All sectoral indices were in the green, with the Nifty Metal index rising more than 2 percent while Media index continued its upmove, up another 1 percent.


Brent crude oil futures hit USD 74 a barrel after a decline in US crude inventories and top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.

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