Indian equities rebound, open on a higher note

stock-marketMumbai, (IANS) Indian equity markets rebounded on the back of positive global markets and a stable rupee, and surged during the early morning trade session on Thursday.

The key indices shed off their previous losses and traded with gains of around a per cent each, as healthy buying was witnessed in banking, automobile and healthcare stocks.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,605.05 points, traded at 27,559.23 points (at 9.20 a.m.) — up 306.70 points or 1.13 per cent, from the previous close at 27,252.53 points. It has so far touched a high of 27,642.57 points and a low of 27,491.93 points.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 100.10 points or 1.19 per cent to 8,532.10 points.

On Wednesday, the key Indian indices had reacted adversely to the victory of Republican candidate Donald Trump in the US presidential election and the government’s decision to demonetise Rs 500 and Rs 1,000 currency notes.

The barometer index had plunged by 338.61 points, or 1.23 per cent, and the Nifty had dropped by 111.55 points, or 1.31 per cent.

Medaram Jathara

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