Placeholder canvas

Sensex rebounds 208 points after Asian cues get going

Date:

Mumbai: The BSE benchmark Sensex made a promising start by bouncing almost 208 points on Tuesday on widespread gains following fresh buying amid a firm trend in Asian markets.

The 30-share index jumped 207.64 points, or 0.75%, to 27,737.61, with all sectoral indices led by realty, metal and banking making all the right moves.

The gauge had lost 143.63 points on Monday, spooked by muted start to second quarterly earnings and a lacklustre global trend.

ALSO READ: Donald Trump ‘locker room’ conversations, Trump speaks out

The NSE Nifty today went up by 55.15 points, or 0.65%, to 8,575.55.

Emergence of buying interest among investors and funds, brokers said, coupled with a firm trend in other regional markets following an unexpected fall in a US manufacturing index boosted sentiment here. A lower industry number means the US Fed may have to tread cautiously on the interest rate front.

ALSO READ: India, Brazil finalise text of bilateral investment pact

Elsewhere, Hong Kong’s Hang Seng moved up 0.84 per cent while Shanghai Composite gained 0.48% in early trade on Tuesday. Japan’s Nikkei too was up 0.14%.

The US Dow Jones Industrial Average, however, ended 0.29% lower on Monday.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Rajinikanth’s Thalaivar 171 First-Look Poster Drops

In a series of surprising announcements, fans were first...

Orry Faces Backlash After Declining Handshake At Event

Internet sensation Orry, famed for his wild antics and...

From Deepfake Concerns To India’s AI Mission PM Modi Interacts With Bill Gates

New Delhi: Prime Minister Narendra Modi engaged in a...

NewsMobile Morning Brief

Actor Govinda Joins Eknath Shinde’s Shiv Sena Ahead Of...