Traders began Thursday with strong performances at Indian equity benchmarks after the market showed rapid recovery during its initial trading session. The Nifty index reached a 250-point increase at 9:33 am which brought its value to 25,408. The Sensex index increased by 793 points to reach a value of approximately 82,703.
The US Dollar Index reached 99.05 and Brent crude prices remained at $64.03 per barrel which created positive global market conditions. US 10-year bond yields increased to 4.25%.
The previous day ended positively for Wall Street because the S&P 500 increased by 1.2% and the Nasdaq rose 1.18% which created positive market sentiment that affected all Asian markets including India.
The positive momentum shows that investors started buying again after the market experienced its recent fluctuations which occurred together with strong global market performance and stable macroeconomic indicators.
