Asian share markets gained ground today as the risk appetite of global investors rose heading into year-end, despite the surging number of Omicron variant cases around the world.
A better night on Wall Street provided the positive lead for Asian markets with a sharp rebound in sentiment for US stocks.
The Hang Seng is up 0.4% while the Nikkei is trading higher by 0.2%. The Shanghai Composite is trading on a flat note.
In US stock markets, Wall Street indices closed sharply higher on Tuesday, with strength in travel and tech shares as well as in Nike and Micron Technology following their earnings, as stocks rebounded from a coronavirus-fueled rout the session before.
The Dow Jones Industrial Average rose 1.6% while the Nasdaq rallied 2.4%.
Back home, Indian share markets opened on a positive note, following the trend on SGX Nifty. Benchmark indices mirrored global trends and rallied up to 0.7% today.
Metro Brands, the Rakesh Jhunjhunwala-backed footwear retailer, made its Dalal street debut today. The company raised Rs 13.7 bn via IPO between 10-14 December and sold its shares in the range of Rs 485-500 apiece.
The BSE Sensex is trading up by 427 points. Meanwhile, the NSE Nifty is trading higher by 130 points.
Bharti Airtel and IndusInd Bank are among the top gainers today. Asian Paints, on the other hand, is among the top losers today.
The BSE Mid Cap index and the BSE Small Cap index are trading higher by 0.9% and 1.4%, respectively.
Get watch our process Click here Ideal Stock Investment , daily call profit, Market News, Fill Our ask an Expert form
For Ask An Expert Advice Give A Missed Call On - 0731-4994956
