Indian shares rise in early trade after two days of losses. business – Times of India Videos

Sep 08, 2022, 01:19 PM ISTSource: ANI

Indian stock markets started trading in the green on Thursday following positive global cues and a sharp fall in crude oil prices. During the past two sessions, benchmark indices – Sensex and Nifty – fell on the prospect of aggressive rate hikes in the US, as indicated by the Federal Reserve. At 9.26 am, the Sensex was trading 528.57 points or 0.90 per cent higher at 59,557.48, while the Nifty was trading 145.60 points or 0.83 per cent higher at 17,770.00. National Stock Exchange data shows that today out of 50 stocks of Nifty 45 are advanced and rest 5 are trading in red mark. “There is a clear message from the market now. VK Vijayakumar, chief investment strategist at Geojit Financial Services, said despite high valuations, high inflation, a slowing global economy and global constraints from the ultra-hawkish Fed, the domestic market has been surprisingly resilient.