Equity markets found firmer ground on Wednesday after two days of steep declines as easing crude oil prices and a recovering rupee shored up investor confidence. After a range-bound session, the 30-share BSE Sensex ended 82.79 points, or 0.23%, higher at 36,563.88. Similarly, the broader NSE Nifty gained 23.05 points, or 0.21%, to finish at 10,840.65.
Global equities and oil markets stabilised after Saudi Arabia’s energy minister said more than half of the country’s daily crude oil production, that was knocked out by the drone attack over the weekend, had been recovered. He added that production capacity at its targeted plants would be fully restored by the end of the month.
