Indian indices opened higher today as some stability returned after a volatile start to the week. Sensex jumped 1, 046.13 points to 79,639.20 in the opening trade, while Nifty surged 313.9 points to 24,306.4.
Almost all sectoral indices on the National Stock Exchange, including Nifty Bank, Nifty Auto, Nifty FMCG, and Nifty IT, surged around 1%
Indian markets experienced one of the worst falls on Monday following the global bloodbath with both the Nifty and Sensex registering high losses during the opening trade amid weak global cues.
Data released last week showed that US jobs growth slowed more than expected in July, sparking fears of economic slowdown and weighing on global equities.
Investors across the globe are also observing the evolving situation in the Middle East. Tensions are escalating in the Middle East following the assassination of Hamas leader Ismail Haniyeh in Tehran allegedly by Israel.
