Business

Markets Recover In Early Trade On Strong Global Trends

Equity benchmark indices rose in early trade on Thursday, driven by strong global market trends and buying in Reliance Industries and Tata Consultancy Services.

The 30-share BSE Sensex climbed 409.72 points to 73,396.75 in early trade. The NSE Nifty moved 129.45 points to 22,330.

Power Finance Corp, ABB India, Bharti Airtel, RECL, DLF, Tech Mahindra, HAL, Cholamandalm Invest, and HCL Technologies were the top gainers.

Among the laggards were Maruti Suzuki, LIC, Varun Beverages, Eicher Motors, Shriram Finance, Dabur India, and Adani Green Energy.

In Asian markets, Tokyo, South Korea, Hong Kong, Shanghai, Thailand, Malaysia, Indonesia, and Taiwan were trading in the green, while Singapore was trading in the red.

US markets concluded higher on Wednesday.

Brent crude gained 0.40 percent to USD 83.08 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 2,832.83 crore on Wednesday.

On Wednesday, the Sensex dipped 117.58 points or 0.16 percent to 72,987.03, while the Nifty lost 17.30 points or 0.08 percent to 22,200.55.

Also read: Taiwanese Drag Queen Bids President Tsai Ing-wen a Distinctive Farewell

Spriha Rai

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