Mumbai: The stock market opened on the green mark on Thursday. The Bombay Stock Exchange’s flagship index Sensex started at 58.10 points, or 1.94 percent, at the level of 30475.06 at 9.16 am. At the same time, the National Stock Exchange’s Nifty opened with a gain of 171.85 points, or 1.96 percent, at the level of 8920.60.
Global markets closed sharply
The US market Dow Jones gained 3.44 percent to close at 23,433.60, up 779.71 points. The Nasdaq closed up 203.64 points at 8,090.90, up 2.58 percent. The S&P closed up 90.57 points at 2,749.98, up 3.41 percent. China’s Shanghai Composite also gained 6.24 percent to close at 2,822.00, up 0.24 percent. On the contrary, Japan, Italy, Germany markets closed with a downward trend.
It is to be noted that today is the last day of trading this week. Friday will be a holiday and the market is closed on Saturdays and Sundays.
Rupee rises 23 paise against US dollar
The Indian rupee rose 23 paise to 76.11 against the US dollar during early trade on Thursday due to a positive start in domestic stock markets. Currency traders said that the local stock market gained momentum in the domestic market, while fears about the coronavirus epidemic still remain. The rupee opened at 76.11 in the interbank foreign exchange market, indicating the strength of 23 paise against the previous closing price. The rupee had closed at 76.34 against the US dollar on Wednesday.