Punjab Newsline | New Delhi
Global softness in oil prices boosted investor sentiment as India’s domestic stock market opened on a strong note on the first trading day of the week. Both benchmark indices surged in early trade, reflecting positive global cues.
At around 9:28 AM, the BSE Sensex rallied by 736.44 points (0.95%) to reach 77,649.94. Meanwhile, the NSE Nifty climbed 198.36 points (0.83%) to trade above the 24,150 mark at 24,195.90.
Market participants are closely watching the results of assembly elections in five states, scheduled to be announced on Monday, which are expected to influence market direction in the coming sessions.
On the currency front, the Indian rupee weakened slightly, slipping by 9 paise to trade at 94.93 against the US dollar during early trading hours.
