Punjab Newsline | New Delhi
Indian stock markets witnessed a strong rally on Thursday, with benchmark indices opening sharply higher amid positive global cues. The upbeat sentiment followed the Democratic Party's victory in the US midterm elections, while crude oil prices falling to a two-month low further boosted investor confidence.
The BSE Sensex jumped 1,403.71 points to 78,689.87 in early trade, while the NSE Nifty surged 378.85 points to 24,340.40.
GIFT Nifty was also trading 377 points, or 1.57 per cent, higher at 24,327, signalling a strong gap-up opening on Dalal Street.
Meanwhile, the Indian rupee strengthened by 14 paise against the US dollar to trade at 94.32 in early deals, adding to the positive market sentiment.
