FIRST TRADE | Sensex gains nearly 350 points, Nifty eyes 18,700 amid buying across sectors; NTPC, Axis Bank hit 52-week highs
Indian equity benchmarks began Tuesdays session in the green tracking positive moves across other major markets around the globe, ahead of a key US inflation reading and the onset of two-day deliberations at the Feds rate-deciding panel later in the day.
Indian equity benchmarks began Tuesday's session in the green tracking positive moves across other major markets around the globe, ahead of a key US inflation reading and the onset of two-day deliberations at the Fed's rate-deciding panel later in the day. Both headline indices gained around half a per cent each in early deals, with the Sensex rising as much as 348.2 points to 63,072.86 and the Nifty50 climbing to as high as 18,698.4, up 96.9 points from its previous close.
At 9:30 am, the 30-scrip blue-chip index held on to the green firmly, with a gain of 329.7 points at 63,054.4 and the 50-scrip headline index stood at 18,696.
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Global markets
Equities in other major Asian markets began the day on a strong note, with MSCI's broadest index of Asia Pacific shares outside Japan trading 0.7 per cent. Japan's Nikkei 225 surged 1.9 per cent.
Overnight on Wall Street, the three main US indices — the Dow Jones, the S&P 500 and the Nasdaq Composite — finished 0.5-1.5 per cent higher, with the tech stocks-heavy gauge scaling a one-year closing high as investors awaited US inflation data and the Fed rate decision this week.
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