Markets open in green, Sensex up by 465 points; rupee strengthens 38 paise

WION Web Team New Delhi, Delhi, India Oct 12, 2018, 10.36 AM(IST)

File photo. Photograph:( Reuters )

Story highlights

The gains came a day after massive slides in globals markets. 

A day after the bloodbath in global markets, BSE Sensex on Thursday opened on a positive note,  up by 465 points at 34,468.29. Nifty, on the other hand, registered a spike of 205.75 points at 10,440.45.

The gains came a day after massive slides in globals markets. 

Meanwhile, continuing its recovery, the rupee strengthened 38 paise to 73.74 against the US dollar in early trade in the forex market after global crude prices eased.

Besides, dollar-selling by exporters and banks, the greenback's weakness against some currencies overseas, helped the recovery in the domestic currency.

Brent crude fell 3 per cent to trade at 80.37 a barrel in the global market.

Across the globe, share markets sank in a sea of red on Thursday after Wall Street suffered its worst drubbing in months, as fears over rising US Treasury yields sparked a broad sell-off of risky assets.

Indian shares ended lower on Thursday at their lowest closing level since April. 

The NSE Nifty plunged as much as 3.07 per cent to 10,138.60. It closed down 2.2 per cent at 10,234.65.

Japan's Nikkei fell 3.4 per cent, the steepest daily drop since March, while the broader TOPIX lost around $195 billion in market value.

Shanghai shares touched their lowest since late 2014, while China blue chips slid 3 per cent.