Key domestic equity indices Sensex and Nifty traded higher on Thursday, following a surge in Asian markets following a massive sell-off in the previous session. Index heavyweights Reliance Industries and banking stocks remained firm during this period. At 9.22 am, the BSE Sensex was trading 185 points or 0.23% higher at 82,537, while the Nifty rose 50.56 points or 0.22% to 25,254.
Nifty breaks on Wednesday after 14 days of gains
The benchmark Nifty 50 on Wednesday broke its 14-day winning streak. However, before that the index had hit an all-time high earlier in the week. Weak US economic data in the US on Tuesday raised recession concerns, leading to a fall in global markets in the previous session.
