Sensex, Nifty beat upheavals to post gains
Sensex and Nifty were initially strong but dropped to a new 52-week low at 24,387.69 and 7,425.80 points, respectively, during the day.
It was only an hour before the day's closing that Sensex rallied by nearly 500 points to end at 24,854 points (up 0.7) while Nifty posted a gain of 52 points (up 0.7%) to end at 7,562.
Although the Chinese market continues to keep the global market guessing about the future, on Wednesday, the country's trade data beat expectations, which led to the Asian share markets post their first true rally of the year.
IT major Infosys was the top gainer on both the benchmark indices, up 3%.
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.
Support objective journalism for a small contribution.
