Sensex surges nearly 850 points in early trade; Nifty breaches 17,000-level on global cues
The Hindu
The 30-share Sensex was trading 846.31 points or 1.49% higher at 57,662.96
Equity benchmark Sensex jumped nearly 850 points in opening trade on Thursday, following a strong rally in global equities after the U.S. Fed raised interest rates.
Besides, fresh foreign fund inflows and softening crude oil prices also helped domestic equities, traders said.
The 30-share Sensex was trading 846.31 points or 1.49% higher at 57,662.96, and the broader Nifty advanced 236.80 points or 1.39% to 17,212.15.
All the constituents of the Sensex were in the green. HDFC was the top gainer in the Sensex pack, climbing 3.14%, followed by Axis Bank, Asian Paints, Kotak Bank, IndusInd Bank, HDFC Bank, ICICI Bank and Bajaj Finance.
In the previous session, the 30-share index surged 1,039.80 points or 1.86% to finish at 56,816.65. Likewise, the broader NSE Nifty jumped 312.35 points or 1.87% to 16,975.35.
Bourses in Hong Kong, Seoul and Tokyo rallied in mid-session deals, while Shanghai was in the red.
Stock exchanges in the U.S. closed with significant gains in the overnight session after the U.S. Federal Reserve raised interest rates, marking the first hike since 2018. The Fed also indicated that more hikes would be needed to fight inflation.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Suspended cop claims offer to carry out "encounter" of murder case accused, dismissed by senior police official as baseless.
A total of 1,80,253 houses were sanctioned by the Karnataka Slum Development Board. Each house costs ₹7.50 lakh.
Telangana CM Revanth Reddy directs officials to place the draft bill for gig workers' job security, insurance, and amenities in public domain to elicit views of stakeholders, people
Chennai Metro Rail's construction work on Arcot Road causes chaos for commuters, leading to safety concerns and delays.
The celebration aims to honour the legacy and the influence of the institution on generations of students.
When reporters brought to her notice the claim by villagers that the late maharaja of Mysore Sri Jayachamaraja Wadiyar had gifted the land to them, Pramoda Devi Wadiyar said she is not aware of the matter, but sought to assure people that no effort will be made to take back the land that had been gifted by the late maharaja.
Minor fire incident at Park Hyatt hotel in Banjara Hills, Hyderabad triggers panic, quickly contained by firefighters.
The existing 33 kV supply line from Puttur to Sullia passes through forest areas. Hence, falling of trees and their branches on supply lines frequently disrupt power supply.
Meta’s antitrust trial is set to begin today Monday as it faces allegations that it abused market power to acquire Instagram and WhatsApp.
Tejashwi Yadav warns JD(U) about BJP's alleged plan to prevent Nitish Kumar from another term as CM.
SPCSS-TN condemns Governor R.N. Ravi for religious remarks at college event, calls for his removal from office.
China imposes visa restrictions on U.S. personnel over Tibet-related issues, sparking diplomatic tensions between the two countries.
The new Motorola Edge 60 Fusion presents itself as a strong mid-range contender. For new buyers, it offers a compelling package—premium design, vibrant display, reliable performance, practical AI features, and a camera setup that shines in daylight