After a day's colossal fall, sensex rebounds 300 points
The rupee, which also pulled back from two-year lows against the US dollar, also gave up some early gains.
The BSE Sensex, which witnessed its biggest point crash on Monday, gained as much as 380 points in opening trade, while the broader Nifty advanced 116 points above 7,900. However, the market pared gains as the session progressed. At 9.44 a.m., Sensex was up 42 points to 25,784 while Nifty edged higher by 15 points to 7,824.
of six currencies. Giving up some gains, rupee was trading at 66.53/dollar in recent trade.
The rebound in domestic stock markets comes on th eback of recovery in Asian shares, which opened with deep cuts, but saw a sharp recovery.
Image: WIkimedia Commons
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
