Sensex Up 350 pts; Nifty Above 18,600; Rupee Falls 13 Paise In Early Trade

Sensex, Nifty on Monday morning started on a positive note amidst positive global cues.

Global Cues

Globally, the US markets closed higher on Friday after investors cheered the debt ceiling bill, and strong jobs report. Major averages – Dow Jones, the S&P 500, and NASDAQ Composite surged up to 2 per cent.

Following similar footsteps, Asia-Pacific markets largely rose this morning, with Nikkei 225, Topix, Kospi, and the S&P 200 indices gaining up to 1 per cent.

That apart, in the commodities market, prices of Brent Crude, and WTI Crude advanced 1 per cent each to $77 per barrel, and $72 per barrel, respectively, after top oil exporter Saudi Arabia announced voluntary production cuts despite no change from OPEC+ for 2023.