Sensex Surges Over 850 Points On Strong Global Cues; Nifty Trades Above 17,200
NDTV
The Indian equity benchmarks traded higher in opening deals on Thursday, taking cues from the global markets.
The Indian equity benchmarks traded higher in opening deals on Thursday, taking cues from the global markets. Asian shares advanced in line with a rally on Wall Street overnight as the U.S. Federal Reserve hiked policy rate for the first time since 2018 and signs of material progress in talks between Russia and Ukraine lifted investors' sentiment.
The U.S. central bank increased rates by an as-expected quarter-point (25 basis points) and mentioned equivalent hikes at every meeting for the remainder of this year to aggressively stamp out inflation.
Back home, trends on Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures also indicated a positive opening for the domestic indices.
The 30-share BSE Sensex jumped 851 points or 1.50 per cent to 57,667, while the broader NSE Nifty moved 228 points or 1.34 per cent higher to 17,203.
