Snapping two-day losses, Indian stocks rise in early trade

Sep 08, 2022

Delhi, Sept 08 (ANI): Indian stock markets started Thursday's trade in the green following positive global cues and a sharp fall in crude oil prices. The benchmark indices -- Sensex and Nifty - fell during the past two sessions on the likelihood of aggressive rate hikes in the US as indicated by the Federal Reserve. At 9.26 am, Sensex traded at 59,557.48 points, up 528.57 points or 0.90 per cent, whereas Nifty traded at 17,770.00 points, up 145.60 points or 0.83 per cent. Today, among the Nifty 50 stocks, 45 advanced and the rest 5 traded in the red, National Stock Exchange data showed. “There is a clear message from the market now. Despite high valuation, global headwinds from elevated inflation, slowing global economy and an ultra-hawkish Fed, the domestic market has been surprisingly resilient,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.