At the domestic stock markers, key indices posted solid gains for the third straight day today while the rupee appreciated 30 paise against the US dollar. In the international markets, global crude prices rose.
The Sensex at the Bombay Stock Exchange shot up 790 points, or 1.6 per cent, to end at 49,734. The Nifty at the National Stock Exchange spurted 212 points, or 1.4 per cent, to 14,865.
In global equity markets, Asia Pacific ended mostly higher. So Japan’s Nikkei-225 index and Singapore’s Straits Times index gained 0.2 per cent, each; China’s Shanghai Composite index rose 0.4 per cent and Hong Kong’s Hang Seng index added 0.5 per cent. But South Korea’s Kospi index declined 1.1 per cent.
In Europe, London’s FTSE-100 had gained 0.2 per cent; France’s CAC-40 had risen 0.5 per cent and Germany’s DAX had added 0.4 per cent, in intra-day trade.
Global crude oil prices rose amid optimistic forecasts of global fuel demand recovery, while the rapid spread of COVID-19 infections in India and a bigger-than-expected build in US crude stocks capped gains. So Brent crude futures rose 53 cents, to trade at USD 66.95 a barrel. US crude futures gained 62 cents, to USD 63.56 a barrel.
Gold fell for the fifth straight day. At the Multi-Commodity Exchange, June futures for gold were trading Rs 208 lower at Rs 47,095 per 10 grams. MCX May futures for silver plunged Rs 812 rupees to Rs 68,146 per kilo.
In the forex market, the rupee appreciated 30 paise, to Rs 74.35 paise against the US dollar.