The domestic stock markets have rebounded more than 400 points, post the correction witnessed in the past three trading sessions, on the back of positive global cues. Wall Street had a positive closing overnight, Asian markets have opened on a firm note and early indications from SGX Nifty futures trading suggest a strong opening for the indices back home. At 9:20 am, the Sensex was trading at 52,619.70, higher by 413.90 points or 0.78 per cent and the NSE Nifty was at 15,756.55, up 122.15 points or 0.77 per cent.
Shares in Asia-Pacific were higher in Thursday morning trading, with markets in Japan closed for a holiday. Hong Kong’s Hang Seng index was among the biggest gainers regionally, rising 1.19 per cent in early trade. The Taiex in Taiwan also gained 1.01 per cent.
Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally. The Dow Jones rose 0.83 per cent, the S&P 500 gained 0.82 per cent and Nasdaq Composite added 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 declare their earnings during the day.
On Wednesday, the BSE Sensex was down 354.89 points at 52,198.51 and NSE Nifty declined 20.30 points to 15,632.10