Sensex Rises Over 200 Points, Nifty Trades Above 17,600
NDTV
The Indian equity benchmarks on Wednesday rose in opening deals, tracking a positive trend in global markets.
The Indian equity benchmarks on Wednesday rose in opening deals, tracking a positive trend in global markets. Asian shares traded in the green boosted by U.S. inflation figures that fared better than markets' worst expectations. Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) also indicated a gap-up start for the domestic indices.
U.S. monthly consumer prices increased by the most in 16-1/2 years in March. However, monthly underlying inflation pressures moderated as goods prices, excluding food and energy, dropped by the most in two years.
Back home, the 30-share BSE Sensex jumped 238 points or 0.41 per cent to 58,814 in early trade, while the broader NSE Nifty moved 74 points or 0.42 per cent up to 17,604.
Mid- and small-cap shares were trading on a strong note as Nifty Midcap 100 gained 0.82 per cent and small-cap shares surged 1.07 per cent.
