Sensex, Nifty rise in early trade
The Hindu
Mumbai equities jump as Asian markets rise; Sensex up 303 pts. NSE Nifty rises 87 pts. Key Asian indices gain. US stocks pared early losses on Fed remarks. FIIs net sellers, offloading Rs 997.76 cr. Israel-Hamas conflict raises crude prices, supports havens. India's urban unemployment rate lowest ever at 6.6%.
Domestic equities jumped in early trade on Tuesday, with the benchmark Sensex surging more than 300 points, mainly due to positive trends in the Asian market.
A day after witnessing a sharp slump, both Sensex and Nifty gained significantly despite concerns over the Israel-Hamas conflict that has also pushed crude oil prices higher.
The 30-share BSE Sensex climbed 303.92 points or 0.46% to 65,816.31 points while the broader NSE Nifty rose 87.15 points or 0.45% to 19,599.50 points.
Key Asian indices, including Japan's Nikkei 225 and Hong Kong's Hang Seng gained on Tuesday.
Sensex had tumbled 483.24 points to settle at 65,512.39 points and Nifty dropped 141.15 points to end the day at 19,512.35 points on Monday.
On the global front on Monday, it was a mixed trend for stocks amid concerns over the Israel-Hamas conflict.
While European markets mostly closed in the red, US stocks ended in the positive territory.