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Today
in Indian Share Market the Sensex surged over 400 points in trade on Wednesday
in step with the upswing in Asian markets, which were trading higher on
expectations that China would announce more stimulus measures to support the
economy after weak trade data. The 50-share Nifty index reclaimed its crucial
psychological level of 7,800. CNX Bank Nifty surged over 200 points in trade.
The Share market remained strong in morning trade, supported by technology, banking & financials and auto stocks. The 30-share BSE Sensex rose 320.90 points or 1.27 percent to 25638.77 and the 50-share NSE Nifty climbed 101.80 points or 1.32 percent to 7790.05. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising more than 1.5 percent. About five shares advanced for every 1 share declining on the Bombay Stock Exchange.
The Indian share market sentiment also got a boost from an overnight rally in US markets. Stocks rose more than 2 per cent, bouncing after steep losses last week and a China-fueled rebound in global equities. Crude oil prices rose today as Asian stock markets caught a tailwind from a strong performance in the United States and Europe, although fuel markets remained generally dogged by oversupply.
The Share market remained strong in morning trade, supported by technology, banking & financials and auto stocks. The 30-share BSE Sensex rose 320.90 points or 1.27 percent to 25638.77 and the 50-share NSE Nifty climbed 101.80 points or 1.32 percent to 7790.05. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising more than 1.5 percent. About five shares advanced for every 1 share declining on the Bombay Stock Exchange.
The Indian share market sentiment also got a boost from an overnight rally in US markets. Stocks rose more than 2 per cent, bouncing after steep losses last week and a China-fueled rebound in global equities. Crude oil prices rose today as Asian stock markets caught a tailwind from a strong performance in the United States and Europe, although fuel markets remained generally dogged by oversupply.
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