Sensex rises over 400 points, Nifty above 15,700

Domestic stock markets have reclaimed over 400 points in the last three trading sessions on positive global cues. Wall Street closed on a positive note overnight, Asian markets opened higher and early SGX Nifty futures trading signals suggest a strong start for the indices back home. At 9:20 am, the Sensex was trading 413.90 points or 0.78 per cent higher at 52,619.70 and the NSE Nifty was trading 122.15 points or 0.77 per cent higher at 15,756.55.

Asia-Pacific shares were higher in Thursday morning trade, with markets in Japan closed for a holiday. Hong Kong’s Hang Seng index was the biggest gainer at the regional level, rising 1.19 per cent in early trade. Taix in Taiwan also rose 1.01 per cent.

Wall Street shares posted their second straight daily gain on Wednesday, fueled by strong corporate earnings and a risk-on rally with renewed optimism about the US economic recovery. The Dow Jones gained 0.83 per cent, the S&P 500 0.82 per cent and the Nasdaq Composite 0.92 per cent.

On the corporate front, Hindustan Unilever, UltraTech Cement, Bajaj Auto, Biocon, Can Fin Homes, Chennai Petroleum Corporation and CSB Bank will announce their earnings during the day.

On Wednesday, the BSE Sensex was down 354.89 points at 52,198.51 and the NSE Nifty was down 20.30 points at 15,632.10.

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