Last Update: June 05, 2023, 09:31 AM IST
Sensex, Nifty started on a positive note on Monday morning amid positive global cues. Frontline indices S&P BSE Sensex climbed over 300 points, while Nifty 50 was trading above 18,600 level, up 50 points.
Broader indices also strengthened, with the S&P Midcap and S&P Smallcap indices gaining up to 0.7 per cent each.
global signal
Globally, US markets closed higher on Friday as investors appreciated the debt ceiling bill and strong jobs report. The major averages – the Dow Jones, S&P 500 and Nasdaq Composite – rose up to 2 per cent.
Following in similar footsteps, Asia-Pacific markets rose massively this morning, with the Nikkei 225, Topix, Kospi and S&P 200 indices rising up to 1 percent.
Besides, in the commodities market, Brent crude and WTI crude prices rose 1 per cent each to $77 per barrel and $72 per barrel, respectively, after top oil exporter Saudi Arabia on voluntary production increase despite no change from OPEC+ for 2023. announced cuts. ,
