Sensex Rises Over 200 Points On Robust US Company Earnings, But Risks Persist
NDTV
Indian stock indices rose on robust earnings from US technology companies, but Europe's energy crisis and China's lockdowns kept the mood cautious.
Indian stock indices rose on Thursday on robust earnings from US technology companies, but an energy crisis in Europe and China's lengthy lockdowns kept the mood cautious propelling the dollar close to two-decade highs as investors seek out safety and yield.
The 30-share BSE Sensex 30-share index rose over 200 points to about 57,025, and the broader NSE Nifty was up above 17,100. Both the benchmarks slipped nearly 1 per cent in the previous session.
On Tuesday, the Sensex had jumped nearly 800 points to around 57,356, while the Nifty had risen almost 1.5 per cent to about 17,200, after both the indexes had declined over 1 per cent on Monday.
That volatility was expected to continue as fears of global economic growth, the Russia-Ukraine conflict and a demand slowdown in China because of surging cases, persist.
