Market benchmarks rally in early trade
The Hindu
Benchmark equity indices rallied in early trade on June 13 amid optimism in the U.S. markets and positive domestic macroeconomic data points.
Benchmark equity indices rallied in early trade on June 13 amid optimism in the U.S. markets and positive domestic macroeconomic data points.
The 30-share BSE Sensex jumped 300.79 points to 63,025.50 in early trade. The NSE Nifty climbed 82.7 points to 18,684.20.
From the Sensex pack, Asian Paints, ITC, Hindustan Unilever, Axis Bank, Titan, Nestle, Bajaj Finserv, Tata Steel, Infosys, and Bajaj Finance were the major gainers.
Kotak Mahindra Bank and HCL Technologies were the laggards.
In Asian markets, Seoul, Tokyo, and Hong Kong were trading in the green, while Shanghai quoted lower.
The U.S. markets ended in positive territory on June 11.
"Markets may usher in gains in early June 12 trade amid a sharp rally in overnight U.S. markets even though Asian gauges are trading mixed. Markets are growing hopeful about the U.S. economy and the interest-rate picture, and are counting on a pause in interest rate hike by the Federal Reserve.
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