Indian markets strengthen as global cues, foreign inflows, and sector gains push indices higher

Sensex and Nifty rose sharply on strong global cues, lower oil prices, foreign inflows, and heavyweight stock gains, supported by expectations of rate cuts in both the US and India.

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Indian markets strengthen as global cues, foreign inflows, and sector gains push indices higher

Indian markets strengthen as global cues, foreign inflows, and sector gains push indices higher
India’s equity benchmarks advanced sharply on Wednesday, with the Sensex rising around 900 points to 85,338 and the Nifty 50 climbing nearly 300 points to 26,180 by early afternoon. The upmove was supported by a combination of softer US economic data, easing crude oil prices, and renewed foreign portfolio inflows. 
Companies:
  • HDFC Bank
  • ICICI Bank
  • Reliance Industries
Tags:
  • markets
  • india