Sensex Opens In Green After Biggest Single-Day Decline Since March


The Sensex jumped 399 factors or 1.26 per cent at 32,114 whereas Nifty rose 191 factors or 2 per cent at 9,485 at 9 AM.


New Delhi: Markets have recovered marginally within the opening session on Tuesday after posting the largest single-day decline on the again of optimistic world cues. The Sensex jumped 399 factors or 1.26 per cent at 32,114 whereas Nifty rose 191 factors or 2 per cent at 9,485 at 9 AM.On Monday, the BSE Sensex closed at 31,715.35, down 2,002.27 factors or 5.94 per cent, whereas the 50-share index Nifty was at 9,293.50, down 566.40 factors or 5.74 per cent.

Almost 28 out of 30 shares within the 30-stock index ended within the pink.

In truth, the decline additionally eroded buyers’ wealth by round Rs 5.eight trillion, BSE information reveals.

Markets had posted their largest single-day decline since 23 March apart from weak world cues and company outcomes for the March quarter additionally affected the sharp fall, in line with Livemint report.

Investor sentiments had been hit after the US President Donald Trump threatened new tariffs towards China in response to the Covid-19 pandemic.

Wall Street’s main averages regained losses to shut greater because the market rallied on the again of stable beneficial properties in shares of huge expertise corporations.

On Monday, the Dow Jones Industrial Average elevated 26.07 factors, or 0.11 per cent, to 23,749.76. The S&P 500 rose 12.03 factors, or 0.42 per cent, to 2,842.74. The Nasdaq Composite Index jumped 105.77 factors, or 1.23 per cent, to eight,710.71, Xinhua information company reported.

Asian shares additionally moved into optimistic zone with Australia’s S&P/ASX 200 Index gaining 1.four per cent. Hong Kong’s Hang Seng Index gained 0.5 per cent and Singapore’s SGX Nifty additionally rose 1.13 per cent.

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(With inputs from company)

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