Sensex, Nifty fall over 2% amid relief rally in global markets

Stock exchanges in Europe were trading in positive territory in mid-session deals

Stock exchanges in Europe were trading in positive territory in mid-session deals

Benchmark indices Sensex and Nifty closed with gains of over 2% on October 4 amid positive trends in global equity markets.

The 30-share BSE Sensex ended 1,276.66 points or 2.25% higher at 58,065.47. It jumped 1,311.13 points or 2.30% to 58,099.94 during the day.

The broader NSE Nifty closed 386.95 points or 2.29% higher at 17,274.30.

IndusInd Bank, Bajaj Finance, Tata Consultancy Services, Bajaj Finserv, HDFC, Tata Steel, Larsen & Toubro, Wipro, HDFC Bank and Axis Bank were the top gainers in the 30-share Sensex pack.

Only Power Grid, Sun Pharma and Dr Reddy’s were behind.

Elsewhere in Asia, markets in Seoul and Tokyo ended higher after US stocks edged higher, following some weak economic data on hopes the Federal Reserve could walk away with aggressive interest rate hikes.

Stock exchanges in Europe were trading in positive territory in mid-session deals. The US markets closed with great gains on Monday.

The BSE benchmark had closed 638.11 points or 1.11% lower at 56,788.81 on Monday. Nifty closed 207 points or 1.21% lower at 16,887.35.

Meanwhile, international oil benchmark Brent crude futures rose 0.78% to 89.55 per barrel.

According to data available with BSE, foreign institutional investors turned buyers after selling the remaining net in recent days and bought shares worth Rs 590.58 crore on Monday.