Home Business Sensex rises over 200 points, but poor US earnings report offset some...

Sensex rises over 200 points, but poor US earnings report offset some gains

Stock Market India: Nifty up 0.5%

Indian shares rose on Thursday but lost some gains from earlier in the session as the mood turned sour on disappointing earnings from US large technology firms, offsetting positive market sentiment on hopes that major central banks were dialing back on their aggressive rate hike plans.

The BSE Sensex index ended 212.88 points or 0.36 per cent higher at 59,756.84, and the broader NSE Nifty index ended 80.60 points or 0.46 per cent higher at 17,736.95, returning from a holiday on Wednesday for Diwali celebrations.

Shrikant Chauhan, Head of Equity Research for Retail, said, “The trading session on the day of F&O close saw extreme volatility, but a sharp rally in metals, realty and oil and gas stocks kept the markets going in recent trade. Helped maintain that sense of bullshit.” In Kotak Securities.

“Investors are positive about India’s growth story, which is propelling the markets higher despite several constraints on the external front,” he added.

Both equity benchmarks had enjoyed a seven-day rally, including gains in the one-hour Muhurta trading window on Monday, marking the beginning of the Hindu Samvat year 2079, before falling on Tuesday.

This week, the Indian stock markets were closed on Wednesday and only open for a one-hour Muhurta trading session on Monday.

On Thursday, Asian markets benefited from speculation earlier in the session that major central banks were looking to ease their quick interest rate due to signs of a slowdown in the economy.

But the MSCI World Equity Index, which tracks stocks from 47 countries, was nearly flat and below Wednesday’s five-week high, as US tech giants including Microsoft and Alphabet posted weaker-than-expected profits overnight.


Ashneer Grover, Madhuri Jain summoned in legal battle with BharatPe

<!-- -->Ashneer Grover resigned from BharatPe in March. (file)New Delhi: The Delhi High Court today issued summons to former BharatPe MD Ashneer Grover...

Air India’s $400 million upgrade includes premium economy area

<!-- -->Air India said it has engaged JPA Design to assist with the cabin interior design. (File)Mumbai: Full-service carrier Air India today said...

Inox GFL Group raises Rs 1,500 crore, moves towards zero net debt

<!-- -->Rs 740 crore was raised through the IPO of Inox Green Energy Services. (File)Noida: Inox GFL Group on Thursday said it has...


Please enter your comment!
Please enter your name here

Most Popular

Nothing hurts more than if you lose your new phone-Virat Kohli. News & Features Network

An accident has happened with Virat Kohli. He has informed by tweeting some time ago that his new mobile phone has been lost....

What is the relationship between Modi and Gautam Adani? Rahul raised the issue of Adani in the Lok Sabha

Rahul Gandhi on Adani: During the budget session of Parliament today, the Adani group controversy was raging in the Lok Sabha. Congress leader...

BJP leader glorifies Sati, opposition says, uproar in Parliament

<!-- -->The ruckus started in the lower house of Parliament at around 1:06 pm.New Delhi: Opposition leaders in Lok Sabha today protested at the...

India vs Australia, 1st Test: Three Key Player Battles To Watch Out For | cricket news

India host Australia in a hotly anticipated four-match Test series starting on Thursday in Nagpur. The hosts have won each of the last...

Recent Comments