Business
Asian markets were trading over 1% higher tracking the US markets as immediate drag of the Brexit vote started waning.
Updated : Mar 22, 2018, 02:01 AM IST
The benchmark BSE Sensex opened up over 100 points on Wednesday morning gaining strength from the positive sentiment in the global stock markets.
The 30-share composite was trading at 26,648.07, up 123.52 or 0.47% from previous day's close while Nifty opened at 8174.70, up 46.85 or 0.58%.
The domestic markets were tracking cues from the Asian markets were trading higher on Wednesday, as fears the immediate drag of a Brexit vote ebbed and investors believed that central banks will step in eventually to curb volatility.
Tokyo was trading up over 1%, recouping a third of Friday's losses, a Reuters report said. Global markets lost $2.1 trillion on Friday, after the UK decided to vote itself out of the European Union.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1% to recoup around a third of Friday's stinging loss. Japan's Nikkei climbed 1.4%, while Australian stocks added 0.8%, the Reuters report said.