Sensex up 220 points on recovery in global markets (Lead)


Mumbai, Dec 27 (IANS): The Sensex surged over 200 points during the afternoon trade session on Thursday, following a strong rebound in the US markets.

IT stocks gained 1.87 per cent while the oil and gas and energy stocks also edged higher on the BSE.

At 1.24 p.m., S&P BSE Sensex traded 221.26 points or 0.62 per cent higher at 35,871.20 after touching a high of 36,041.24 and a low of 35,797.26.

The Nifty traded 66.75 points or 0.62 per cent higher at 10,796.60.

In the past days, investor sentiments were low on concerns that US President Donald Trump would attempt to fire Federal Reserve Chairman Jerome Powell. Key economic adviser Kevin Hassett's reassurances on Wednesday put this to rest.

According to reports, the US president was unhappy post the US central bank hiking the short-term interest rate.

  

Top Stories


Leave a Comment

Title: Sensex up 220 points on recovery in global markets (Lead)



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.