Sensex Surges Over 500 Points, Nifty Above 15,300 On Strong Global Cues


2021-03-12 03:55:43

Sensex Surges Over 500 Points, Nifty Above 15,300 On Strong Global Cues

The Indian equity benchmarks staged a gap up opening on Friday on the back of strong global cues. The Sensex rose as much as 542 points or 1 per cent and Nifty 50 index moved above its important psychological level of 15,300. Meanwhile, Asian shares pushed higher on Friday after U.S. President Joe Biden signed a $1.9 trillion stimulus bill into law, and as a retreat in bond yields overnight eased global concerns about rising inflation.

As of 9:21 am, the Sensex was rose 492 points to 51,772 and Nifty 50 index climbed 127 points to 15,301.

Overnight, gauge of global stock markets climbed for a third straight session to hit its highest level in two weeks, as a dip in government bond yields helped curb inflation concerns and give a boost to equities.



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