For Quick Alerts
For Daily Alerts

Sensex Bounces Back After Crude Spike Leads Global Markets Higher


Benchmark indices began the day surging in trade as a spike in crude prices led to heavy buying support in frontline indices.

The Sensex was trading with gains of 200 points, while the Nifty was up 63 points in trade. Oil and gas stocks led the rally with ONGC and Oil India among the biggest gainers, following a rally in crude prices.

Sensex Bounces Back After Crude Spike Leads Global Markets Higher
Metal stocks also lent support to the markets with NMDC, Hindalco and Vedanta among the biggest gainers in trade.

Banking stocks also saw some buyign support with State Bank of India, ICICI Bank and Bank of Baroda being among the gainers.

The midcap index was up more than one per cent with stocks like JustDial and Unitech among the biggest gainers in trade.

Maruti shares gained on plans to invest a sizeble amount in new cars.

Meanwhile, most Asian markets were trading higher on Thursday, following a rebound on Wall Street overnight. Australia's ASX 200 traded higher by 1.61 percent, while the Kospi was up 0.94 percent.

Meanwhile, the rupee was trading at 67.81 to the US dollar.

Read more about: sensex nifty
Story first published: Thursday, February 4, 2016, 9:28 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more