Bulls took charge of Dalal Street as the market rebounded
on Thursday after hitting 20-month low in previous session. The Sensex rose
232.66 points or 0.97 percent to 24294.70 and the Nifty rallied 67.35 points or
0.92 percent to 7376.65.
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Market Outlook:-
The Indian rupee rebounded in early trade on Thursday after hitting a 28-month low in previous session. Battered crude oil prices bounced back from their lows on Thursday, propelling solid gains in Asian shares and the dollar.
The Indian rupee rebounded in early trade on Thursday after hitting a 28-month low in previous session. Battered crude oil prices bounced back from their lows on Thursday, propelling solid gains in Asian shares and the dollar.
Geoffrey
Dennis of the firm says global markets are very close to the end of selling. He
believes that China is rebalancing its growth and that global economy is in a decent
shape.
The European Central Bank will keep all interest rates on hold when it meets on Thursday but highlight increasing growth and inflation risks, raising the prospect of further policy easing later this year.
Axis Bank, BHEL, SBI, Hindalco Industries, ICICI Bank, Adani Ports and Tata Steel were leading gainers in early trade.
Indian stocks ended at a fresh 20-month low on Wednesday dropping to their weakest since before the election of Prime Minister Narendra Modi on increasing concerns the country will be hit hard by the growing turmoil in global markets.
The European Central Bank will keep all interest rates on hold when it meets on Thursday but highlight increasing growth and inflation risks, raising the prospect of further policy easing later this year.
Axis Bank, BHEL, SBI, Hindalco Industries, ICICI Bank, Adani Ports and Tata Steel were leading gainers in early trade.
Indian stocks ended at a fresh 20-month low on Wednesday dropping to their weakest since before the election of Prime Minister Narendra Modi on increasing concerns the country will be hit hard by the growing turmoil in global markets.
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