Markets rebound after taking heavy beating in previous trade

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Markets rebound after taking heavy beating in previous trade


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| Photo Credit: ANI

Equity benchmark indices rebounded in early offers on April 18 after falling sharply in the previous trade amid power in the U.S. markets.

The 30-share BSE Sensex climbed 202.72 factors to 60,113.47 in early trade. The broader NSE Nifty gained 59.75 factors to 17,766.60.

Among the Sensex companies, Tata Motors, HCL Technologies, IndusInd Bank, Maruti, Nestle, Infosys, Kotak Mahindra Bank and Bajaj Finserv had been the gainers.

Power Grid, Reliance Industries, Hindustan Unilever, Titan, Bharti Airtel and ITC had been among the many laggards.

The wholesale price-based inflation eased to a 29-month low of 1.34% in March on easing costs of manufactured merchandise and gas gadgets, although meals articles turned costly.

March is the tenth straight month when wholesale value index (WPI) primarily based inflation has declined.

In Asian markets, Seoul, Shanghai and Hong Kong had been buying and selling decrease, whereas Japan quoted with features.

The U.S. markets had ended in the optimistic territory on Monday.

The Sensex had tanked 520.25 factors or 0.86% to settle at 59,910.75 on Monday. The Nifty fell 121.15 factors or 0.68% to complete at 17,706.85.

Meanwhile, international oil benchmark Brent crude climbed 0.31% to $85.02 per barrel.

Foreign Portfolio Investors (FPIs) offloaded equities value ₹533.20 crore on Monday, in keeping with change knowledge.



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