NEW DELHI: Domestic stock exchanges BSE and NSE are closed on Thursday on account of Diwali Balipratipada. In case of the commodity exchanges, trading will take place only in the evening session.
Most Asian stocks were trading firm on Thursday, tracking a strong 2 per cent rally in US stocks overnight. Japan’s Nikkei climbed 1.7 per cent, South Korea’s Kospi rose 1.32 per cent while Hong Kong’s Hang Seng added 0.6 per cent.
Stocks globally gained as a win for the Democrats in the House of Representatives in US midterm elections and, at the same time, gains for Republicans in Senate signalled possible curbs on US President Donald Trump’s ability to push through controversial measures and legislations.
In overnight trade, the S&P500 index rallied 58.44 points, or 2.12 per cent, to close at 2,813. The Dow Jones Industrial Average index advanced 545 points, or 2.13 per cent, to 26,180 while the Nasdaq Composite index surged 194 points, or 2.64 per cent, to 7,570.
Back home, the Sensex on Wednesday rose 245.77 points, or 0.70 per cent in the one-hour Muhurat Trading session to settle at 35,237. With this, the BSE benchmark settled higher in 11 of the last 14 Muhurat Trading sessions.
NSE barometer Nifty50 settled just shy of the 10,600 mark. For the day, the index rose 68.40 points, or 0.65 per cent, to 10,598.
Wednesday’s one-hour trading added Rs 1.18 lakh crore to equity investors’ wealth as market capitalisation of the BSE listed companies jumped to Rs 147.10 lakh crore from Rs 140.53 lakh crore at the end of Tuesday.