Share markets in India stage strong comeback after Thursday debacle:Sensex jumps nearly 1,000 points to 75,000; Nifty rises 300 points; crude drops

After Thursday’s debacle, the share markets in India staged a strong bounce-back. The Sensex 30 jumped nearly 1,000 points to soar past 75,000 level in early trade. Similarly, Nifty 50 advanced 300 points in early deals. Sectoral indices soared today All the sectoral indices on the NSE soared today with psu banks and metal leading the pack. Asian markets mostly fell on Friday 1. Decline in Asian Markets Japanese market is closed today due to the vernal equinox. South Korea’s KOSPI index is trading up 0.74% at 5,806. Hong Kong’s Hang Seng index fell 0.63% to 25,340. China’s Shanghai Composite index is trading up 0.16% at 4,013. 2. US markets settled lower in overnight deals Dow Jones closed down 203 points (0.44%) at 46,021. Tech-based index Nasdaq Composite closed down 0.28% at 22,090. SP 500 index closed down 18 points (0.27%) at 6,606. 3. Crude prices fell 2% to $107 per barrel Crude oil prices are falling today amid the ongoing war between the US and Israel with Iran. However, it is still trading above $100 per barrel. Brent crude has fallen 2% today to $107 per barrel. Global benchmark Brent prices had surged over 6% yesterday to cross $115 per barrel due to supply disruptions in the Persian Gulf. Meanwhile, the Indian basket prices have reached $146 per barrel. Foreign institutional investors sold equities worth ₹7,558.19 crore on a net basis on Thursday, according to exchange data. Stock markets witnessed biggest fall in 22 months on Thursday The stock markest witnessed its biggest fall in 22 months on March 19. Sensex closed at 74,207, down by 2,497 points (3.26%). Similarly, Nifty also fell by 776 points (3.26%), reaching 23,002. Previously, Sensex had fallen by 5.74% on June 4, 2024.