Sensex Rises 100 Points, Nifty Below 25,000; Bajaj Auto Tanks 8%

Benchmark Indian equity indices were trading in the green on Thursday, tracking overnight gains on Wall Street.

Meanwhile, the Asia-Pacific markets were trading higher on Thursday, buoyed by gains on Wall Street, where the Dow Jones Industrial Average hit a record close.

Mainland China’s Shanghai Composite was up 0.7 per cent, and the CSI 300 was ahead by 0.92 per cent, while the Hong Kong’s Hang Seng was up by 1.97 per cent.

In Japan, the Nikkei 225 was down 0.5 per cent, and the broader Topix index remained relatively flat.

Japan’s exports fell by 1.7 per cent in September compared to the same month last year, surprising economists who had forecasted a 0.5 per cent growth. Imports also fell short of expectations, growing by 2.1 per cent in September instead of the anticipated 3.2 per cent, down from August’s 2.3 per cent growth.

In Australia, the S&P/ASX 200 rose 0.77 per cent, while South Korea’s Kospi was down 0.12 per cent, while the small-cap Kosdaq dipped by 0.3 per cent.

US stocks had ended higher in opposition to their global counterparts on Wednesday, and crude extended its decline on projected softening demand.