The BSE Sensex surged by 920 points, while the Nifty50 rose by 274 points. This positive movement comes after a significant drop on Monday.
At 9:16 AM, the BSE Sensex was trading at 79,679.64, and the Nifty50 was at 24,329.80. Both indices showed a strong recovery following the previous day's decline of nearly 3%.
On Monday, Indian markets experienced a sharp decline of about 3% due to concerns over the US economic slowdown and a global equities sell-off.
Global market movements
Global markets showed positive trends, with gains in S&P 500 futures, Hang Seng futures, Nikkei 225 futures, Australia's S&P/ASX 200, and Euro Stoxx 50 futures.
In the forex market, the euro remained stable at $1.0956, while the yen fell 0.8% to 145.40 per dollar. Oil prices rose, with Brent crude up 1.6% to $77.55 per barrel and U.S. WTI up 1.9% to $74.29 per barrel.
On Monday, Indian markets experienced a sharp decline of about 3% due to concerns over the US economic slowdown and a global equities sell-off.
On Monday, Indian markets experienced a sharp decline of about 3% due to concerns over the US economic slowdown and a global equities sell-off.
Notable companies announcing their first-quarter results today include PFC, Vedanta, Tata Power, TVS Motor, and Shree Cements, among 132 others.