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Benchmark Indices Recover After Worst Fall As Tension Ebbs World Over


Indian equities after the Tuesday's carnage recovered on the back of rally in global stock which has been spurred due to settlement of crisis in economies including Hong Kong wherein the government has suspended extradition bill.

Benchmark Indices Recover After Worst Fall As Tension Ebbs World Over

The Nifty has ended higher by 0.43% at 10.844.65 while the Sensex has settled higher by 0.44% at 36,724.24.

Hong Kong unrest as well as the lingering US-China trade war has led the Asian stocks to fall. Nonetheless, the ease in Hong Kong, led the Hang Seng to surge the most in almost 8 years.

In the UK, the parliament took a major step by blocking a no-deal Brexit which provided impetus to the pound currency.

In trade today, major gainers on the Nifty had been Dr. Reddy's, IOC, Bharti Airtel, SBI and Tata Steel whereas major losers in trade on Wednesday were Maruti Suzuki, Sun Pharma, Tata Motors, Britannia.

It is to be highlighted that analysts expect the turnaround to come in the Indian markets only when there is buying from foreign investors and any government stimulus is unlikely to play a major part in bringing any major relief to the roiled markets.

Story first published: Wednesday, September 4, 2019, 17:06 [IST]
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