Stock Market Update: Sensex Rises 450 pts at Open, Nifty Tops 17,750; Key Points

Last Updated: September 08, 2022, 09:23 AM IST

After a sharp fall in oil prices, and global sentiment has turned positive.

Sensex Today: BSE Sensex, NSE Nifty opened on an upbeat note after a sharp fall in oil prices, and global sentiment has turned positive.

Sensex Today: BSE Sensex, NSE Nifty opened on an upbeat note after a sharp fall in oil prices, and global sentiment has turned positive.

Global Cues

Asian benchmarks mostly rose Thursday, as investor optimism got a perk from a rally on Wall Street that’s on track to break a three-week losing streak.Japan’s benchmark Nikkei 225 surged nearly 2.0 per cent in morning trading to 27,964.16. Australia’s S&P/ASX 200 gained 0.8 per cent to 6,783.80. South Korea’s Kospi edged up 0.4% to 2,385.55. Hong Kong’s Hang Seng slipped 0.3 per cent to 18,986.70, while the Shanghai Composite rose nearly 0.1 per cent to 3,248.76.

Tokyo stocks opened higher on Thursday as investors cheered rallies on Wall Street, but they were also eyeing the dollar’s surge on lingering fears of aggressive US rate hikes.

US stock indexes climbed the most in roughly a month as bond yields eased, with investors shrugging off hawkish remarks made by Federal Reserve officials on Wednesday.

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