Sensex and Nifty Finally Trading Higher After Weeks of Correction

Both indices BSE Sensex and NSE Nifty opened higher in the morning and are currently up 1% each.

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The Nifty Bank index has gained 639.25 points or 1.83% as of 1:37 pm. The gain is supported by IndusInd Bank, Axis Bank, and RBL Bank.

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But in the commodity market, the safe haven asset gold has fallen sharply.

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BSE metal index is also up 2%, supported by the gains of Vedanta, Jindal Steel, and JSW Steel.

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The Indian stock market has witnessed some of the worst losses during the last few weeks, partly because of the ongoing crisis in Europe.

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Although the market is up, the global market seems uncertain if it would be able to continue the bullish market.

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