Domestic stock markets started Wednesday’s session on a positive note, with the benchmark Nifty 50 index opening above the key 10,000 mark, extending gains to the sixth session in a row. The S&P BSE Sensex index climbed up as much as 1.77 % – or 597.18 points – to 34,422.71 in the first few minutes of trade, after opening up 359.88 points at 34,185.41. The broader Nifty index spiked to high as 10,159.35, up 180.25 points from the previous close, having started the day at 10,108.30. Gains across sectors – led by financial and automobile stocks – pushed the markets higher.
Today At 9:26 am, the Sensex traded 510.81 points – or 1.51% – higher at 34,336.34 while the Nifty was up at 154.75 points – or 1.55% – at 10,133.85.
Equities elsewhere in Asia followed a global rally as hopes of the more stimulus bolstered riskier assets and overshadowed a host of other worries from the coronavirus to Hong Kong and growing at US civil unrest.
MSCI’s broadest index of Asia Pacific shares outside Japan was at last seen trading up 1.48% , whileThe Japan’s Nikkei benchmark was up 1.67%.
China’s Shanghai Composite, Hong Kong’s Hang Seng and South Korea’s KOSPI indices were up 0.51%, 1.37% and 2.58% respectively at the time.
The E-Mini S&P 500 futures rose 0.30% in early Asian trade, indicating a positive start for the US markets on Wednesday.
Overnight in Wall Street, a late-session rally pushed benchmark indices that sharply higher as market participants looked past widespread social unrest and pandemic worries to focus instead on the easing lockdown restrictions and signs of economic recovery. The Dow Jones Industrial Average ended 1.05% is higher, whereas the S&P 500 and Nasdaq Composite indices rose 0.82% and 0.59% respectively.