Global Equities Rally after 2 Days of Falling Markets
The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20.
Equity benchmark indices climbed in early trade on Thursday, bouncing back from a two-day fall, amid a rally in the global stock markets and continuous foreign fund inflows.
The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20.
Among the Sensex firms, Bajaj Finance, Axis Bank, Bajaj Finserv, Tata Steel, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Nestle, HDFC and Bharti Airtel were the biggest gainers.
Mahindra & Mahindra, Titan, Tech Mahindra, Larsen & Toubro, Hindustan Unilever and Tata Motors were the laggards.
In Asia, Seoul, Tokyo, Shanghai and Hong Kong markets were trading in the green.
The US market had ended with significant gains on Wednesday.
On Wednesday, optimistic US President Joe Biden declared that he is confident the US will avoid an unprecedented and potentially catastrophic debt default, saying talks with congressional Republicans have been productive.
"Domestic markets are likely to edge higher in early trade on Thursday, buoyed by firm global cues after US President Biden expressed confidence in achieving a debt-ceiling deal.
Original News: Market News | Press Trust of India
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