Stock Market Updates: Sensex Surges 250 Points, Nifty Near 25,200
Indian benchmark equity indices opened higher on Tuesday, tracking overnight gains on Wall Street, where the S&P 500 and Dow Jones closed at record highs.
At opening bell, the BSE Sensex was up 294 points, or 0.36 per cent, at 82,267, while the Nifty 50 was at 25,203, up 75 points, or 0.3 per cent.
Global Cues
Meanwhile, markets in the Asia-Pacific region were mixed on Tuesday with China leading loses.
The Shanghai Composite was down 0.55 per cent and the CSI 300 was down 0.55 per cent. Similarly, Hong Kong’s Hang Seng index was down 0.29 per cent, even as Chinese media outlet Caixin Global reported that China may raise an additional $846.5 billion through treasury bonds over three years to help its economy find firmer ground.
That apart, investors in the region assessed trade data out of South Korea, which showed a trade surplus of $6.7 billion in September, up from $3.7 billion in the previous month.
South Korea’s Kospi was 0.08 per cent higher, while Australia’s S&P/ASX 200 rose 0.75 per cent.
Japan’s Nikkei 225 gained 1.1 per cent, while the broad-based Topix rose 0.8 per cent.
On Monday, US stocks ended higher with a boost from technology shares amid light Columbus Day trading on Monday, while crude prices dipped as investors parsed signs of economic softness in China and girded themselves for a string of high-profile corporate earnings.
The S&P 500 and blue-chip Dow both nabbed fresh record closing highs.
