Sensex Rises Over 300 Points On Positive Global Cues, Nifty Trades Above 16,100
NDTV
Indian equity benchmarks on Thursday traded higher in opening deals amid positive cues from the global markets.
Indian equity benchmarks on Thursday traded higher in opening deals amid positive cues from the global markets. Asian shares edged higher, tracking an overnight rise in Wall Street. U.S. stocks rose after notes from the U.S. Federal Reserve's early May meeting showed a strong likelihood that the central bank will approve two more half-percentage-point rate hikes in the coming months.
Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a higher start for the domestic indices.
Back home, the 30-share BSE Sensex climbed 304 points or 0.57 per cent to 54,053 in early trade, while the broader NSE Nifty moved 85 points or 0.53 per cent up to trade at 16,111.
Mid- and small-cap shares were trading on a strong note as Nifty Midcap 100 rose 0.43 per cent and small-cap gained 0.30 per cent.
