The benchmark indices gained over 1 per cent on Wednesday as falling commodity prices, ease in overseas investor selling pressure, and rate-hike worries lifted investor sentiment.
The benchmark Sensex gained 616 points, or 1.16 per cent, to close at 53,751 - the highest close since June 10. The Nifty ended the session at 15,990-a gain of 179 points, or 1.1 per cent. This was the biggest single-day gain for both indices in over two weeks.
Brent crude futures dropped below $100 for the first time since April 25 as recession fears fuelled a broader selloff. The drop comes after Brent crude futures saw its third-largest drop in dollar terms on Tuesday.
The easing in foreign portfolio investor (FPI) selling has also brought in some relief to investors. On Wednesday, they sold shares worth just ₹330 crore and in the previous session, they were net-buyers to the tune of ₹1,300 crore.
هذه القصة مأخوذة من طبعة July 07, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة July 07, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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