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Sensex Gains 535 Points On Global Cues; Nifty Tops 22,200
(RTTNews) - Indian shares rose notably on Thursday as U.S. chipmaker Nvidia's strong earnings drove optimism across asset classes and lifted main indexes in Europe and Japan to record highs.
The benchmark S&P/BSE Sensex jumped 535.15 points, or 0.74 percent, to 73,158.24, reflecting sharp gains elsewhere across global markets.
The broader NSE Nifty index swung between gains and losses before finishing up 162.40 points, or 0.74 percent, at 22,217.45.
HCL Technologies, ITC, Eicher Motors, Bajaj Auto and Coal India all rose around 3 percent in the Nifty pack while Hindustan Unilever, Kotak Mahindra Bank, BPCL, HDFC Bank and IndusInd Bank dropped 1-2 percent.
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Sensex Nifty Decline On Tariff Worries
Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
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Asian Markets Trade Mostly Higher
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Swiss Market Settles Modestly Higher
The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters.
The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
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Japanese Market Notably Higher
The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
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Thai Bourse May Halt Losing Streak On Thursday
The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
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