Markets bounce back after two days of fall amid rally in global equities
The Hindu
Among the Sensex firms, Bajaj Finance, Axis Bank, Bajaj Finserv, Tata Steel, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Nestle, HDFC and Bharti Airtel were the biggest gainers
Equity benchmark indices climbed in early trade on May 18, bouncing back from a two-day fall, amid a rally in the global stock markets and continuous foreign fund inflows.
The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20.
Among the Sensex firms, Bajaj Finance, Axis Bank, Bajaj Finserv, Tata Steel, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Nestle, HDFC and Bharti Airtel were the biggest gainers.
Mahindra & Mahindra, Titan, Tech Mahindra, Larsen & Toubro, Hindustan Unilever and Tata Motors were the laggards.
In Asia, Seoul, Tokyo, Shanghai and Hong Kong markets were trading in the green.
The US market had ended with significant gains on Wednesday.
On Wednesday, optimistic US President Joe Biden declared that he is confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying talks with congressional Republicans have been productive.
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