Sensex Rises Over 400 Points Tracking Global Stocks, Nifty Trades Above 17,400
NDTV
The Indian equity benchmark indices traded higher in opening deals on Wednesday amid gains across global stock markets.
The Indian equity benchmark indices traded higher in opening deals on Wednesday amid gains across global stock markets. Asian equities hit three-week highs as cash fleeing tumbling bond markets flowed back toward big tech and other beaten-up sectors, while the ongoing Russia-Ukraine conflict kept oil and commodity prices high. Overnight, S&P 500 climbed 1.1 per cent and Nasdaq moved nearly 2 per cent up.
Investors braced for the U.S. Federal Reserve to take an even more aggressive approach to taming inflation.
Back home, the 30-share BSE Sensex jumped 424 points or 0.73 per cent to 58,414, while the broader NSE Nifty moved 116 points or 0.67 per cent up to 17,432 in early trade.
Mid- and small-cap shares were trading on a strong note as Nifty Midcap 100 index rose 0.79 per cent lower and small-cap shares gained 0.71 per cent.
