Highlights
Indian benchmark indices BSE Sensex and NSE’s Nifty 50 traded higher on Thursday. Photo: AP
- Mumbai: Indian shares surged on Thursday, with the BSE Sensex rising over 350 points and the Nifty 50 reclaiming 10,800, tracking positive trends in Asian stocks following the biggest rally in US stocks since 2009. The rupee traded marginally lower against the US dollar following a surge in crude oil prices. Shares in banking, metal and IT companies witness heavy gains, while power stocks were under pressure. Shares in Japan surged over 3% and Australian shares advanced more than 1%. However, Korean stocks were flat, Hong Kong saw more modest gains and US futures dipped. Oil prices fell after soaring 8% in the previous session, as worries over a supply glut and concerns over a faltering global economy pressured prices. Here are the latest updates from the markets: