The Bombay Stock Exchange Sensex on Friday recovered from heavy overnight losses after signs of stability in global markets, reported PTI. The benchmark index rose 82.50 points to finish at 24,934.33, while the broader Nifty held the key 7,600-level amid firm buying in frontline shares, according to the report.
Most of the Asian markets ended higher on Friday as Chinese stocks and its currency stabilised. This was after Chinese regulators removed ill-fated trading curbs, which had underpinned Asian markets earlier, reported AFP. Key indices in Asia, including China, Hong Kong, Singapore, South Korea and Taiwan moved up between 0.59% and 1.97%, while Japan moved down by 0.39%.
Indices in Europe, such as France, Germany and the United Kingdom, were also quoted higher, between 0.60% and 0.92%. Global investors have been alarmed by the slowing growth in China’s economy, which is expected to have expanded in 2015 at its slowest pace in a quarter of a century, according to AFP.
Oil markets also pulled back after striking 12-year lows on Thursday.
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