Business

Share Markets Bounce Back After A Two-Day Slide

Share Markets recovered dramatically on Thursday after falling for the previous two days, spurred by bargain hunting in capital goods, banking, and IT companies stocks despite a sharp reversal in global crude prices.

Traders stated that optimistic PMI data boosted confidence even as persistent foreign capital outflows curtailed gains.

The 30-share BSE Sensex rose 405.53 points or 0.62 percent to 65,631.57. During the day, it climbed 527.16 points or 0.80 percent to 65,753.20.

Nifty gained 109.65 points or 0.56 percent to 19,545.75.

Larsen & Toubro led the Sensex pack with a 2.35 percent increase, followed by Titan, Tata Consultancy Services, Maruti, Mahindra & Mahindra, Infosys, ICICI Bank, and Asian Paints.

Power Grid, Nestle, NTPC, HCL Technologies, and Bajaj Finance, on the other hand, were among the laggards.

In Asian share markets, Tokyo and Hong Kong finished higher, while Seoul finished lower. Shanghai was closed for the holiday.

European markets were trading on a mixed note.

On Wednesday, the markets in the United States finished in the green.

Brent crude fell 0.89 percent to $85.05 per barrel.

According to the data exchange, FIIs sold equities worth Rs 4,424.02 crore on Wednesday.

On Wednesday, the BSE benchmark fell 286.06 points, or 0.44 percent to 65,226.04. The Nifty dropped by 92.65 92.65 points or 0.47 percent to 19,436.10.

Also read: China Intends To Double The Size Of Its Space Station To Compete With NASA

Spriha Rai

Recent Posts

CJI BR Gavai Highlights Technology’s Historic Role In India’s Judicial System

CJI BR Gavai during the academic forum at the School of Oriental and African Studies…

18 mins ago

Jaishankar Reaffirms India’s Zero Tolerance Policy On Terrorism In Talks With UK Foreign Secretary Lammy

External Affairs Minister S Jaishankar on Saturday met UK Foreign Secretary David Lammy and appreciated…

33 mins ago

HM Amit Shah Hails Anti-Naxal Success; Pledges Continued Drive For Peace

Amit Shah lauded the success of recent anti-Naxal operations in Chhattisgarh and expressed his desire…

45 mins ago

Defence Minister Rajnath Singh Reaffirms India’s Zero Tolerance For Terrorism

Defence Minister Rajnath Singh on Saturday reaffirmed India's firm zero tolerance policy towards terrorism and…

57 mins ago

Kisan Credit Card Scheme A Lifeline For Indian Farmers: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Saturday described the Kisan Credit Card (KCC) scheme as a…

3 hours ago

Trump Administration Shuts Down Controversial ‘Quiet Skies’ Surveillance Program

The Trump administration has officially shut down the ‘Quiet Skies’ passenger surveillance program, a covert…

3 hours ago