Tuesday, December 6, 2022
Home Business Sensex Surges Over 500 pts at Open, Nifty Reclaims 17K; Key Points

Sensex Surges Over 500 pts at Open, Nifty Reclaims 17K; Key Points

Last Updated: September 29, 2022, 09:24 IST

The Sensex and Nifty indices opened in the green

Sensex Today: The Sensex and Nifty indices opened in the green on Thursday after a 6-day slide as the global market staged a comeback.

Sensex Today: The Sensex and Nifty indices opened in the green on Thursday after a 6-day slide as the global market staged a comeback.

Global Cues

Asian share markets rose on Thursday after Britain’s central bank launched an emergency bond-buying programme to stabilise a furious sell-off in gilts, though trade was skittish and sterling remained under pressure.

Tokyo stocks opened higher on Thursday extending gains on Wall Street, where investors were reassured by the Bank of England’s intervention that helped push bond yields lower. The benchmark Nikkei 225 index rose 0.85 per cent, or 223.59 points, to 26,397.57, while the broader Topix index added 0.29 per cent, or 5.30 points, to 1,860.45.

Wall Street ended sharply higher on Wednesday following its recent sell-off, helped by falling Treasury yields, while Apple dropped on concerns about demand for iPhones. The S&P 500 recorded its first gain in seven sessions after closing on Tuesday at its lowest since late 2020.

Oil prices fell in early Asian trade on Thursday as a strong dollar and economic woes outweighed optimism over consumer demand. Brent crude futures fell 59 cents, or 0.7 per cent, to $88.73 per barrel by 0016 GMT while U.S. crude futures fell by 54 cents, or 0.7 per cent, to $81.59. Both benchmarks rebounded in the prior two sessions amid volatile trade after reaching nine-month lows this week.

Read all the Latest Business News and Breaking News here

Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular