Sensex jumps over 200 pts; bank, metal stocks soar

DN Bureau

Domestic equity benchmark BSE Sensex jumped over 200 points in early trade Thursday tracking strong cues from global markets after US Federal Reserve Chairman Jerome Powell hinted at a rate cut soon.

Representational Image
Representational Image

Mumbai: Domestic equity benchmark BSE Sensex jumped over 200 points in early trade Thursday tracking strong cues from global markets after US Federal Reserve Chairman Jerome Powell hinted at a rate cut soon.

The 30-share index, however, gave up some gains to trade 106.35 points, or 0.28 per cent, higher at 38,663.39 at 0930 hours. Similarly, the broader Nifty rose 33.80 points, or 0.29 per cent, to 11,532.70.

In the previous session, the 30-share gauge settled 173.78 points or 0.45 per cent lower at 38,557.04; and the Nifty ended 57 points, or 0.49 per cent, lower at 11,498.90.

Meanwhile, the Indian rupee appreciated 26 paise to 68.31 against the US dollar.

The global oil benchmark Brent crude futures were trading 0.39 per cent higher at 67.27 per barrel. (PTI)

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