Connect with us

Business News

Sensex rises over 200 points, Nifty above 17,450

Published

on


Indian equity benchmarks edged higher on Friday with the Sensex rising 296 points and the Nifty moving above their crucial psychological level of 17,450 amid weak global cues. Chinese ride-hailing giant Didi said stocks fell on Friday it would delist in New York, renewing concerns about US-China tensions and technical regulation, while oil fell on Omicron for its sixth consecutive weekly drop and rate hike concerns. led to.

S&P 500 futures fell nearly 0.5 percent. Hong Kong’s Hang Seng fell 1.3 percent when dragged down by big tech names. MSCI’s index of Asia shares outside Japan fell 0.7 percent.

Didi chased after Chinese regulators by pushing for its US$4.4 billion IPO in July and said on Weibo that it was looking to move its listing to Hong Kong.

As of 9:39 am, the Sensex was up 163 points at 58,624 and the Nifty 50m index was up 50 points at 17,451.

,