scorecardresearch
Follow Us:
Monday, July 04, 2022

BSE Sensex zooms 312 pts in early trade on global cues, firm rupee

BSE Sensex, which had lost over 383 points in the previous three sessions, recovered by 312.81 points.

By: Press Trust of India | Mumbai |
October 9, 2014 10:20:58 am
BSE Sensex staged a strong comeback by rising over 312 points. Reuters BSE Sensex staged a strong comeback by rising over 312 points. Reuters

Snapping its three-session losing streak, the benchmark BSE Sensex staged a strong comeback by rising over 312 points in early trade today on fresh spells of buying by foreign funds and investors amid positive global cues.

Besides, appreciating rupee which strengthened to two-week high of 61.09 against the dollar and easing global crude prices that have hit two-year low, buoyed sentiments.

The 30-share barometer, which had lost over 383 points in the previous three sessions, recovered by 312.81 points, or 1.19 per cent, to 26,559.60.

All the sectoral indices led by capital goods, realty and metal were trading in positive zone with gains up to 1.58 per cent.

Best of Express Premium
‘Peter Brook tried to destroy, recreate us. I wasn’t willing to be destro...Premium
In Gujarat, Covid crisis brings estranged couples together for second chancePremium
Anil Sahasrabudhe at Idea Exchange: ‘The economy can’t run only on ...Premium
Ashok Gulati and Ritika Juneja write: Why rice and wheat bans aren’t the ...Premium

Also, the National Stock Exchange index Nifty, regained the psychological 7,900-mark by surging 92.65 points, or 1.18 per cent, to 7,935.35.

Brokers said sentiments turned better, tracking rebound on other Asian markets in response to minutes from the US Federal Reserve indicating that policymakers are wary about raising interest rates sooner than later.

Among other Asian markets, Japan’s Nikkei rose 0.45 per cent while Hong Kong’s Hang Seng was also trading 0.88 per cent higher in early trade.

The US Dow Jones Industrial Average ended 1.64 per cent up in yesterday’s trade.

 

JULY 4 SALE! Only for our international readers, monthly pricing starting at just $2.50

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement