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Sensex up by 400 Points, Nifty Above 23,500 as Stock Markets Open in Green
- The Indian Sensex rose by 587.87 points to 75,369.63, and the Nifty gained 178.05 points to trade at 23,576.15, driven mainly by a rally in information technology stocks such as Infosys.
- Despite elevated crude oil prices near USD 107 per barrel and US bond yields above 5%, domestic equity markets rebounded sharply, ending a five-day losing streak.
- Foreign Institutional Investors sold equities worth Rs 930.90 crore, while Domestic Institutional Investors bought equities worth Rs 1,968.17 crore, indicating mixed investor sentiment.
- Market analysts advised caution due to geopolitical tensions, oil prices above USD 107 per barrel, and US bond yields above 5 per cent, suggesting that the recent market gains may be a recovery attempt rather than a confirmed trend reversal.
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The stock market crash was put to rest on Wednesday, and both the Sensex and Nifty indexes opened with meteoric gains. The BSE Sensex jumped more than 500 points upon opening.
Stock Market Today: Sensex, Nifty Open Higher Defying Weak Global Cues | 📰 LatestLY
Sensex opened at 75,369.63, up 587.87 points or 0.79 per cent, while Nifty began trading at 23,576.15, higher by 178.05 points or 0.76 per cent. 📰 Stock Market Today: Sensex, Nifty Open Higher Defying Weak Global Cues.
·Mumbai, India
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ChiniMandi
ChiniMandiIndian equity markets snap 5-day losing streak; Sensex gains over 400 points, Nifty crosses 23,500; IT leads
Indian equity markets rebounded sharply on Tuesday, snapping a five-day losing streak, with the benchmark Sensex gaining over 400 points in early trade and the Nifty crossing the 23,500 mark, led by a strong rally in information technology stocks.
·India
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Coverage Details
Total News Sources15
Leaning Left0Leaning Right6Center1Last UpdatedBias Distribution86% Right
Bias Distribution
- 86% of the sources lean Right
86% Right
14%
R 86%
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