Sensex today: BSE Sensex, NSE Nifty opened optimistically after a sharp drop in oil prices, and global sentiment has turned positive. Frontline Indices Nifty50 rose 100 points to trade above 17,700 levels and the S&P BSE Sensex climbed over 450 points to trade at 59,513 levels.
Broader markets also reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 rose to 1 percent.
Tech Mahindra, Asian Paints, IndusInd Bank, ICICI Bank and Infosys were the largest contributors to the benchmark indices.
All sectors opened positively, with the indices of Nifty IT and Nifty PSU Bank leading the way.
Asian benchmarks rose in particular on Thursday, after investor optimism took advantage of a rally on Wall Street that is on track to break a three-week loss streak. The Japanese benchmark Nikkei 225 rose nearly 2.0 percent in morning trading to 27,964.16. The Australian S&P/ASX 200 gained 0.8 percent to 6,783.80. The South Korean Kospi rose 0.4% to 2,385.55. Hong Kong’s Hang Seng fell 0.3 percent to 18,986.70, while the Shanghai Composite rose nearly 0.1 percent to 3,248.76.
Tokyo stocks opened higher on Thursday as investors cheered the rallies on Wall Street, but they also watched the dollar gain on lingering fears of aggressive rate hikes in the US.
US stock indices rose the most in about a month as bond yields fell, with investors shaking off Wednesday’s aggressive comments by Federal Reserve officials.
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