Categories: Business

stock market up in early trade on positive global cues


stock market today

new Delhi. With the help of better foreign signals, the stock market is seeing an increase for the second consecutive day today. The Sensex opened 223 points higher at 31828 and the Nifty opened 50 points higher at 9365 in Thursday's trade. In early trade, the Sensex has seen a maximum gain of 365 points. During this time, the banking sector is seeing the highest growth.

Today there are positive signs from foreign markets. Investors are turning back to the markets as signs of recovery in the economies amid the Corona crisis. Indeed, with signs of recovery, it is anticipated that governments may announce new relief measures. US markets closed up on Wednesday. The S&P closed up 1.5 percent and the Dow Jones gained 2.2 percent. At the same time, Asian markets are also seeing an increase. Today's growth in Japana and Australia markets has been the best in the last two months. On Thursday, the Australian market rose 2.2 percent and Japan's Nikkei rose 2 percent. Currently, market concerns are about the relationship between China and America. Currently the latest issue between the two countries is related to Hong Kong. China's major indexes rose 0.44 per cent in Thursday's trade, although Hong Kong's markets declined due to tensions.

Banking, auto and metal sectors have seen growth in the initial business. There is a downward trend in the pharma IT and FMCG sectors.

This post was published on May 28, 2020 11:04 am

Content Team

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