Stock Markets Recover After A Six-Day Slump

Early on Friday, equity benchmark indices saw a recovery following a sharp decline recently as Asian markets began to recover.

In early trade, the 30-share BSE Sensex rose 411.17 points to 63,559.32. The Nifty gained 115.9 points to 18,973.15.

NTPC, Mahindra & Mahindra, State Bank of India, Infosys, and Maruti Suzuki were the top gainers on the Sensex.

Asian Paints was the sole laggard in the bunch.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong are all trading in the green.

The US stock market finished lower on Thursday.

For the first time in almost a year, the European Central Bank kept interest rates constant on Thursday.

Brent crude climbed 1.5 percent to USD 89.03 per barrel.

According to the data exchange, foreign institutional investors (FIIs) sold securities worth Rs 7,702.53 crore on Thursday.

On Thursday, the BSE benchmark dived 900.91 points, or 1.41 percent, to end below the 64,000 barrier at 63,148.15. The Nifty slumped 264.90 points, or 1.39 percent to 18,857.25.

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