Sensex appreciates 167 points, Nifty gained 47.45 points in early trade
The BSE benchmark Sensex appreciated by over 167 points, a strong recovery in early trade on Thursday on firm cues from global markets. The NSE Nifty gained 47.45 points, or 0.45 per cent, to 10.548.35. A stronger rupee against the dollar also influenced market sentiment. The 30-share index was trading higher by 167.12 points, or 0.48 per cent, at 34,323.07. The gauge had lost 144.52 points in the previous session. Major gainers were Adani ports, HDFC, ICICI Bank, SBI, Dr Reddy’s, Tata Motors, Yes Bank, Reliance Industries and Maruti Suzuki, rising up to 2.17 per cent. Punjab National Bank dropped sharply by 8.47 per cent following the Rs 11,400 crore scam at one of its Mumbai branches. Hong Kong’s Hang Seng was up 1.69 per cent and Shanghai Composite Index by rose 0.45 per cent in early trade. Japan’s Nikkei gained 1.33 per cent, while the US Dow Jones Industrial Average ended 1.03 per cent higher on Wednesday.
