The domestic stock market, which has been facing continuous decline for the past several sessions, witnessed tremendous enthusiasm on Thursday. The stock market has made a explosive start. Bombay Stock Exchange’s benchmark Sensex opened at 72669.40 with a strong jump of 567.71 points at 9.15 am. Similarly, the National Stock Exchange index Nifty was also seen trading at the level of 22006.40 with a strong rise of 167.3 points. Broader indices opened in a mixed zone. The Bank Nifty index opened 363.95 points or 0.79% higher at 46,674.85.
Bullish trend in Asian stock markets
Asian stock markets are on the rise on Thursday after Wall Street hit new highs as the US central bank Federal Reserve left interest rates unchanged and indicated it would not raise interest rates three times this year despite a recent rise in inflation. Rates are on the way to be cut. Additionally, stocks from Australia to South Korea and China are rising, with the Nikkei 225 seeing gains after Japanese exports rose for the third consecutive month. US equity futures also advanced after the S&P 500 rose 0.9% to hit a new high, according to Live Mint. US small-caps, which typically perform well when the economy expands, also recorded their best session in a month.
update in progress…
Latest Business News