The domestic stock markets open on a strong grip today in line with global peers after the US Federal Reserve signals that the three-year tightening cycle is drawing to a close. The S&P BSE Sensex opened at 35,997.29 and the Nifty50 barometer of the National Stock Exchange (NSE) started at 10,808.70. At 9:17 am, the 30-share Sensex traded at 35,968.60, up 251.65 points or 0.70 per cent and the 50-scrip Nifty was at 10,795.70, with a gain of 66.85 points or 0.62 per cent.
The Sensex hit an intraday high of 36,081.27 as it surged 364.32 points in the first few minutes of trade.
In global markets, Morgan Stanley Capital International’s broadest index of Asia-Pacific shares outside Japan rose 0.8 per cent. (Stock Reports)