Sensex Rallies Over 500 Points, Nifty Above 17,800

Sensex Rallies Over 500 Points, Nifty Above 17,800

The domestic stock markets have opened on a strong note, post the losses in the previous session, on the back of positive global cues. Wall Street had a positive closing overnight and Asian markets had a positive opening across the board. At 9:18 am, the BSE Sensex was trading at 59,662.250, higher by 480 points or 0.80 per cent and the NSE Nifty was at 17,782.75, up 140 points or 0.78 per cent.

The broader markets are also trading firm, with the BSE Midcap index and the BSE Smallcap index gaining around a per cent each.

Shares in Asia-Pacific rose in Thursday morning trading, with Hong Kong stocks leading gains. The Nikkei 225 in Japan rose 1.43 per cent, while the Topix index climbed 0.66 per cent and South Korea’s Kospi advanced 1.09 per cent.

Wall Street rebounded on Wednesday after the top US Senate Republican backed an extension of the U.S. debt ceiling and Russia calmed volatile natural gas markets in Europe. The Dow Jones rose 0.3 per cent, the S&P 500 gained 0.41 per cent and the Nasdaq Composite added 0.47 per cent.

On October 6, the BSE Sensex fell 555.15 points to 59,189.73 and the Nifty declined 176.30 points to 17,646.

(This Article has not been edited by NEWSUP18 and it is auto-generated from a syndicated feed.)

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