Markets Recover In Early Trading After Three Days Of Slump

Equity benchmark indices rose in early trade on Thursday after sliding for the past three days, helped by a resurgence in Asian markets and buying in index heavyweights State Bank of India and Reliance Industries.

In early trading, the 30-share BSE Sensex surged 310.82 points to 73,254.50. The NSE Nifty advanced 122.75 points to 22,270.65.

In the last three days, the BSE benchmark has fallen 2,094.47 points or 2.79 percent.

JIO Financial Serv., ICICI Lombard, Trent, Samvardhana Motherson, Interglobe Aviation, Vedanta, and Bank of Baroda were the top gainers.

Among the laggards were ABB India, HCL Technologies, Zomato, TVS Motor Company, Apollo Hospitals, DLF, and Axis Bank.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were all trading in positive territory.

US markets closed lower on Wednesday.

Brent crude gained 0.29 percent to USD 87.54 a barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 4,468.09 crore on Tuesday.

The stock markets were closed on Wednesday to commemorate Ram Navami.

On Tuesday, the 30-share BSE benchmark sank 456.10 points or 0.62 percent to 72,943.68, while the NSE Nifty dipped 124.60 points or 0.56 percent to 22,147.90.

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