Indian Equities Rebound on Positive Asian Trends Despite Geopolitical Concerns

10 Oct 2023 , 01:35 PM

Domestic equities rise on Tuesday, following positive trends in the Asian market. Sensex and Nifty recover significantly from a sharp slump the previous day.

Key Asian indices, including Japan’s Nikkei 225 and Hong Kong’s Hang Seng, display gains. Concerns over the Israel-Hamas conflict and higher crude oil prices do not hinder the market rebound.

Sensex had witnessed a significant tumble the previous day, ending at 65,512.39 points. Nifty also dropped to 19,512.35 points, but both indices regain ground on this day. At the time of writing Sensex was trading at Rs 66,107 which is a 0.91 % increase than the previous day’s close. Whereas nifty is trading at Rs 19,693 which is a 0.93 % increase than the previous day’s close.

Foreign Institutional Investors (FIIs) are net sellers, offloading equities worth Rs 997.76 crore. India’s urban unemployment rate records a decline to 6.6%, the lowest since the start of the Periodic Labour Force Survey (PLFS) in 2018-19.

For feedback and suggestions, write to us at [e-mail]