Sensex extends gains on normal monsoon forecast

April 17, 2018 10:30

Extending its rising streak for the ninth session, the benchmark BSE Sensex advanced nearly 100 points in opening trade today, after forecast of a normal monsoon for the year.

The 30-share barometer was trading higher by 92.66 points, or 0.27 per cent, at 34,398.09, with power, metal, PSU, infrastructure, realty, capital goods and auto sector stocks leading the trend. The gauge had gained 1,286.36 points in the previous eight sessions. Similarly, the NSE Nifty rose 29.20 points, or 0.27 per cent, to 10,557.55.

The Indian Meteorological Department yesterday said the country will receive "normal" monsoon rainfall this year, raising hopes for higher farm output and a boost to the rain-dependent rural economy. PTI

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