News Karnataka
Saturday, June 25 2022

Equities rise on global cues, extend gains; Sensex up over 250 pts - 1 min read

Photo Credit : IANS

New Delhi: India’s key equity indices — Sensex and Nifty — extended their gains from the previous to rise marginally in the opening session on Tuesday.

Strong global cues and retreating crude oil prices buoyed the Indian indices.

At 9.56 a.m., Sensex was 0.5 per cent or 272 points up at 57,865 points, whereas Nifty 0.5 per cent or 79 points up at 17,301 points.

“Stability in global markets, softening crude and chances of a ceasefire in Ukraine can provide the positive backdrop for this breakout,” said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

However, high US inflation and an increasingly hawkish US Fed are major headwinds for equity markets globally, said Vijayakumar, adding that he expects volatility in the markets.

Adani Ports, Divi’s Labs, Ultratech Cement, Bharti Airtel, and Cipla were the top five gainers among the Nifty 50 companies, while ONGC, Coal India, Hindalco, ITC, and Tata Steel the top five losers.

See also  Indian equities extend losses
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Subscribe to our Podcast across platforms
AnchorAmazon MusicSpotifyGoogle PodcastsRadio PublicRSS

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

Subscribe Newsletter

Get latest news karnataka updates on your email.

To get the latest news on WhatsApp