News > Sensex Rises Over 200 Points Amid Positive Global Cues

Sensex Rises Over 200 Points Amid Positive Global Cues

Business Today | 22/07/2022 11:05 AM | Click to read full article

Indian equity indices on Friday traded higher in opening deals, taking cues from their Asian peers. Stocks in Asia were on course for their best week in months after the European Central Bank (ECB) raised rates for the first time in over a decade.

The ECB raised interest rates by a bigger-than-expected 50 basis points (bps) to zero per cent overnight, its first hike in 11 years and ending a policy of negative interest rates that had been in place since 2014.