Sensex opens stronger, tracking signals from strong Asian markets

(Maharashtra) [], Jan 6 (ANI): Domestic markets on Friday were volatile in pre-opening sessions and made gains, tracking the cues of strong Asian stocks. The key indices of the Indian stock markets had posted losses for two consecutive sessions.

The BSE Sensex rose 43 points to 60,396.65 after being volatile till 9:20 am while the NSE Nifty 50 rose 14 points to 18,012.95 on Friday morning.

The Indian rupee rose 40 paise to 82.531 against the US dollar in the early session on Friday.

The dollar index was at 104.847, up 0.03 percent from its previous close.

The US dollar index is a measure of the value of the US dollar relative to a basket of foreign currencies. These six currencies are Euro (EUR), (JPY), (CAD), British Pound (GBP), Swedish Krona (SEK) and (CHF).

In the Asian markets, Japan’s Nikkei rose 154 points, Hong Kong’s Hang Seng rose 52 points, ’s Shanghai SE traded 6 points higher while the SP ASX rose 41 points.

In Europe, the FTSE rose 48 points to settle at 7,633.45, the CAC 40 traded in the green, the Deutsche Borse was down 54 points while Refinitiv Europe was volatile and ended up 1 point on Thursday.

In the US markets, the Dow Jones was down 339 points, the Nasdaq was down 153 points, the SP 500 was down 44 points and the Refinitiv United States was down 4 points as Asian markets opened on Friday.

On Thursday, the parent stock indexes pared most of the losses and ended up with significant cuts. The BSE Sensex fell 304.18 points or 0.50 percent to 60,353.27. The Nifty 50 index shed 50.80 points or 0.28 percent to 17,992.15.

On Thursday, the NSE’s India VIX, a gauge of market expectations of near-term volatility, fell 1.41 percent to 14.98.

The Federal Reserve released the minutes of its December 13-14 meeting on Thursday, which showed that officials expect interest rates to remain higher for “some time.” US manufacturing fell further in December. (ANI)





Related Posts