Sensex, Nifty maintain uptrend; Europe strong after 2-day fall

The market has maintained uptrend in afternoon trade, tracking upside in European peers after two-day sell-off. The Sensex gained 128.82 points at 26531.78 and the Nifty rose 34.35 points to 8129.05.

The broader markets also gained with the BSE Midcap and Smallcap indices rising 0.4-0.8 percent.

About two shares advanced for every share falling on the Bombay Stock Exchange.

European stocks traded higher after two days of heavy losses amid continued volatility on global markets as a result of the UK vote to leave the European Union (EU). Britain’s FTSE and Germany’s DAX rallied over 2 percent.

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Posted in: Indian Market Tips