Latest version: Jun 05, 2023, 09:31 AM IST
Sensex, Nifty opened on a positive note on Monday morning amid positive global cues. Frontline index S&P BSE Sensex rose over 300 points, while Nifty 50 gained 50 points to trade above the 18,600 level.
The strength also spilled over into the broader indexes, with the S&P Midcap and S&P Smallcap indexes up as much as 0.7 percent.
Global indication
Globally, US markets closed higher on Friday after investors cheered the debt ceiling bill and strong jobs report. The major averages — the Dow Jones, S&P 500, and NASDAQ composite — rose up to 2 percent.
Following in similar footsteps, Asia-Pacific markets were largely higher this morning, with the Nikkei 225, Topix, Kospi and S&P 200 indexes rising up to 1 percent.
Also, in commodity markets, Brent crude and WTI crude rose 1 percent to $77 per barrel and $72 per barrel, respectively, after top oil exporter Saudi Arabia announced voluntary production cuts for 2023 despite no change from OPEC+.
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