Sensex Rallies Over 200 Points, Nifty Above 15,700
The domestic stock markets have opened in the green on the back of positive global cues. The Dow Jones rose on Friday and Asian shares are enjoying a relief rally in early trades. At 9:20 am, the BSE Sensex was trading at 52,616.20, higher by 225.87 points or 0.46 per cent and the NSE Nifty was at 15,767.50, up 75.20 points or 0.47 per cent.
Asian shares were trading in the green on Monday as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth.
Japan’s Nikkei bounced 1.9 per cent, and away from a two-month trough touched on Friday, while South Korea added 0.6 per cent. Nasdaq futures rose 0.1 per cent and S&P 500 futures were a fraction firmer.
The three major US stock indexes rallied to record closing highs on Friday as financials and other economically focused sectors rebounded after a selloff sparked by growth worries earlier in the week. The Dow Jones rose 1.3 per cent, the S&P 500 gained 1.12 per cent and Nasdaq Composite added 0.96 per cent.
On the earnings front, HFCL, HMT, Steel Strips Wheels, Amit Securities and Dr Lalchandani Labs will release their quarterly earnings on July 12.
On Friday, the BSE Sensex had cracked 182.75 points and Nifty had declined 38.10 points.