Sensex, Nifty likely to open higher on strong global cues

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Published: September 9, 2015 8:37:26 AM

The BSE Sensex and NSE Nifty on Wednesday are likely to open higher tracking SGX Nifty and strong global cues.

Sensex NiftyThe 30-share Sensex, which plunged to 15-month low in Monday’s trade, staged a strong comeback to reclaim the 25,000-level and settled 424.06 points higher at 25,317.87 on Tuesday. (Express photo)

The BSE Sensex and NSE Nifty on Wednesday are likely to open higher tracking SGX Nifty and strong global cues.

At 8.15 am (IST), SGX Nifty was up 108 points, or 1.38 per cent, at 7,844.

Asian peers, Nikkei, Hang Seng and Shanghai were up 5.68 per cent, 2.42 per cent and 1.80 per cent at 18,416.67, 21773.51 and 3227.54, respectively. Japan’s Nikkei share average rebounded on Wednesday as sentiment rallies in US and European stocks dramatically boosted morale after the Nikkei wiped out its year-to-date gains on Tuesday.

US stocks rose more than 2 per cent on Tuesday, bouncing after steep losses last week and a China-fueled rebound in global equities.

The 30-share Sensex, which plunged to 15-month low in Monday’s trade, staged a strong comeback to reclaim the 25,000-level and settled 424.06 points higher at 25,317.87 on Tuesday on value-based buying in recently beaten down blue-chips and a firming trend in global markets, helped by a late rally in Chinese equities.

(With inputs from agencies)

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