New Delhi: Both the main indices showed signs of recovery following stimulation by a strong trend in global stock markets.
They were trading high by more than 1.6 per cent, allaying fears of Cash Reserve Ratio (CRR) hike by the central bank
Earlier on Tuesday, the hike in CRR had taken its toll on share values during morning trade
The Bombay Stock Exchange (BSE) 30-share sensitive index, Sensex, opened firm at 14,107.09 and rallied further to quote at 14,235.33 within five minutes of resumption of trading, a sharp recovery of 229.92 points over Wednesday’s close of 14,009.90.
The story wasn’t different on the National Stock Exchange. The S&P CNX Nifty also gained 68.55 points to quote at 4,115.65 from previous close of 4,047.10.
All-round buying was seen as all sectoral indices were quoted remarkably higher.
On Wall Street, the Dow Jones Industrial Average closed up by 87.01 points to an all-time high while the Nasdaq Composite Index rose by 28.50 points from Wednesday night.
(With inputs from PTI)
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