Sensex rebounds 1,500 pts, tops 78K
Sensex rebounds 1,500 pts, tops 78K
Indian benchmark indices, Sensex and Nifty, are trading nearly 2% higher, tracking global cues.
As of 2:56 p.m., the Sensex has surged 1,500 points to 78,544, while the Nifty has risen 413 points to 23,850. Broking firms are asking to focus on domestic themes like consumption, financials, and they expects citing rising risks of deglobalisation and supply chain shifts.
Brokerage houses expect structural growth in India to remain intact despite near-term challenges.
Positive Asian stocks, Buying in heavyweights, Appreciation of Indian Rupee, Lower oil prices, Eased inflation in India and normal Monsoon Predictions contributed to further rise
