Indian equities rebound, open on a higher note
Indian equity markets rebounded on the back of positive global markets and a stable rupee, and surged during the early morning trade session on Thursday.
The key indices shed off their previous losses and traded with gains of around a per cent each, as healthy buying was witnessed in banking, automobile and healthcare stocks.
The barometer 30-scrip sensitive index Sensex of the BSE, which opened at 27,605.05 points, traded at 27,559.23 points (at 9:20 am) -- up 306.70 points or 1.13%, from the previous close at 27,252.53 points. It has so far touched a high of 27,642.57 points and a low of 27,491.93 points.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 100.10 points or 1.19% to 8,532.10 points.
On Wednesday, the key Indian indices had reacted adversely to the victory of Republican candidate Donald Trump in the US presidential election and the government`s decision to demonetise Rs 500 and Rs 1,000 currency notes.
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The barometer index had plunged by 338.61 points, or 1.23%, and the Nifty had dropped by 111.55 points, or 1.31%.