Stock markets: Equity benchmark indices gained significantly in early trade on Thursday amid positive global market trends. The 30-share BSE Sensex surged 595.02 points to 72,696.71. Meanwhile, the NSE Nifty climbed 181.85 points to 22,020.95.
From the Sensex basket, Tata Steel, JSW Steel, IndusInd Bank, Power Grid, Wipro, and NTPC were the biggest gainers. Maruti and Nestle were the laggards. In Asian markets, Seoul, Tokyo, and Hong Kong were trading significantly higher while Shanghai quoted lower.
Global oil benchmark Brent crude climbed 0.61 per cent to USD 86.47 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,599.19 crore on Wednesday, according to exchange data.
Rupee against dollar
The rupee rebounded 14 paise to 83.05 against the US currency in early trade on Thursday as the dollar retreated from high levels in global markets after the US Federal Reserve indicated three rate cuts this year.
At the interbank foreign exchange market, the rupee opened strong at 83.07 against the US dollar compared to the previous close of 83.19. The local unit moved in a range of 83.08 to 83.04 in early deals.
The rupee traded at 83.05 to a dollar at 9.25 AM, showing gains of 14 paise over the last close. It settled at a two-month low of 83.19 on Wednesday ahead of the announcement of US Fed policy amid a strong American currency and elevated crude oil prices.
(With PTI inputs)
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