NEW DELHI: After being mauled for six straight sessions, the bulls made a stunning comeback on Thursday. The S&P BSE Sensex gained a good 377 points to 33,410 while the broader Nifty50 index of National Stock Exchange (NSE) added 106 points to 10,259. Here's a look at the key factors that pushed the market higher: Financials recover In a great relief to investors, banking stocks made a sharpBSE -4.93 % recovery during the trade. At the time of writing this report, Nifty Bank was trading 1.65 per cent up at 24,531.30 with 9 out of 12 constituents in the green. The Nifty PSU Bank index gained a solid 3 per cent to 2,916.50 while the Nifty Private Bank index was trading 1.40 per cent higher at 13,896.45.
Asian shares gain:
Asian shares found relief as fears about a global trade war amid US President Donald Trump’s push to introduce protectionist tariffs were tempered by signs the move could include exemptions for key partners. For instance, the Nikkei average ended 0.54 percent higher at 21,368, after rising as much as 1.11 per cent earlier in the day. The broader Topix gained 0.35 percent to 1,705, though turnover was the lowest in almost two weeks. This apart, share prices rose in Europe and Asia after China reported its exports surged nearly 45 per cent in February from a year earlier.
Asian shares gain:
Asian shares found relief as fears about a global trade war amid US President Donald Trump’s push to introduce protectionist tariffs were tempered by signs the move could include exemptions for key partners. For instance, the Nikkei average ended 0.54 percent higher at 21,368, after rising as much as 1.11 per cent earlier in the day. The broader Topix gained 0.35 percent to 1,705, though turnover was the lowest in almost two weeks. This apart, share prices rose in Europe and Asia after China reported its exports surged nearly 45 per cent in February from a year earlier.
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