Why Sensex surged 1,200 pts from day's low, Nifty topped 24,000 today?

Quick Summary:

The BSE Sensex climbed as much as 1,207.44 points, or 1.54 per cent, from the day's low to reach a high of 79,504.14 before settling at 79,476.

The Caixin/S&P Global Services Purchasing Managers’ Index climbed to 52.0 in October, up from 50.3 in September, driven by increased confidence in future output and higher business activity.

G Chokkalingam, Founder & Head of Research at Equinomics Research, noted that positive sentiment surrounding Donald Trump's potential win in the US presidential election may have also supported the market recovery.

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Category: BusinessFinance

Markets: IndiaChinaGeorgiaHong KongJapan

Topics: Why sensex rose Why nifty climbed on tuesday Why sensex gained on tuesday Share market news Share market recover Why sensex gained today Why sensex gained Us election results us fed news Sensex Nifty50 Share market on tuesday Nifty 50 technical views

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Article Type: News Report

Published On: 2024-11-05 @ 15:51:27 (10 hours ago)

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News Source URL: business-standard.com

Language: English

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