New Delhi: The benchmark equity indices on Thursday started on a positive note with both Sensex and Nifty gaining almost 0.30% in the early trend.
Among global markets, Asian stocks gained and the dollar drooped on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a US interest rate cut later this month.
Globally, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8%, while Japan’s Nikkei added 0.4%. The Shanghai Composite Index advanced 0.8%, South Korea’s KOSPI climbed 1% and Australian stocks edged up 0.3%.
The US stocks ended higher on Wednesday and the S&P 500 briefly crossed the 3,000-point mark for the first time following Powell’s remarks.
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9:40 am: Vedanta contributes the most to Sensex rising 2.69% followed by Tata Steel (2.02%) and State Bank of India (1.43%).