Benchmark
indices jumped over half-a-per cent on Thursday morning as investors judged the
recent slide as excessive. Banking stocks gained.
At 9.20 am, the BSE Sensex was trading 218.49 points, or 0.66 per cent, higher at 33,251.58. The index climbed over 250 points in the early trade. The NSE Nifty50 rose 63.65 points, or 0.63 per cent, to 10,217.85. The gains on the indices were seen after six days of consecutive fall.
Among global cues, revised data showed that Japan’s economy expanded at an annualised rate of 1.6 per cent in the December quarter from a preliminary growth estimate of 0.5 per cent.
At 9.20 am, the BSE Sensex was trading 218.49 points, or 0.66 per cent, higher at 33,251.58. The index climbed over 250 points in the early trade. The NSE Nifty50 rose 63.65 points, or 0.63 per cent, to 10,217.85. The gains on the indices were seen after six days of consecutive fall.
Among global cues, revised data showed that Japan’s economy expanded at an annualised rate of 1.6 per cent in the December quarter from a preliminary growth estimate of 0.5 per cent.
"Going
ahead, index is likely to trade sluggish and the real action would be seen in
individual stocks. Thus, one needs to focus on such moves rather than
scratching heads in the index,” said Sameet Chavan of Angel Brooking.
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