Sensex Rises Over 300 Points On Wall Street Rally, But Is Set For A Monthly Decline

Indian benchmark equities rose, tracking a rally on Wall Street with solid earnings offsetting gloomy US economic data, but still set for a monthly decline.

Indian benchmark equities rose on Friday tracking a rally on Wall Street with solid earnings reports offsetting gloomy US economic data but were still set for a monthly decline.

The volatility in global stocks which have gone through wild gyrations not withstanding, traders grapple with the global economic fallout from the Russia-Ukraine crisis, demand impact of stringent lockdowns in China and stagflation risks worldwide.

The 30-share BSE Sensex index rose over 300 points to about 57,800 and the broader NSE Nifty gained nearly 80 points to about 17,300 in early trades on Friday, but were set to close out April lower.

On Thursday, the BSE rose 700 points to about 57,521, and the broader NSE Nifty gained 1.2 per cent to 17,245, after having fallen nearly 1 per cent in the previous session.