Sensex Surges Over 500 Points To Reclaim 50,000, Nifty Back Above 15,000

Asian markets rose as investors reacted to the release of Japan's first quarter gross domestic data; the Taiwan index surged 3.28 per cent and Nikkei jumped 2.12 per cent

The domestic stock markets have opened strong, continuing with the momentum witnessed in the previous session, on the back of positive Asian cues and a decline in Covid cases across the country. At 9:18 am, the BSE Sensex had reclaimed the 50,000 mark and was trading at 50,150.55, higher by 571.35 points or 1.14 per cent and the NSE Nifty was back above the 15,000 mark at 15,091.75, up 170.80 points or 1.15 per cent. Asian markets rose as investors reacted to the release of Japan's first quarter gross domestic data. The Taiwan index surged 3.28 per cent, Nikkei jumped 2.12 per cent and Topix index advanced 1.49 per cent. Technology stocks pulled Wall Street's main indexes lower on Monday, as signs of inflationary pressures building up in the economy kept investors worried about monetary policy tightening. The Dow Jones was dow 0.46 per cent, at 34,223.93, the S&P 500 was down 0.47 per cent and the Nasdaq Composite was down 0.69 per cent.