Nifty regains 16K mark amid easing inflation worries; Sensex up 427 points

Indices end at highest level in nearly a month

The benchmark Nifty50 index reclaimed the 16,000 mark on Thursday after 19 trading sessions following an improvement in risk appetite on optimism that the monetary tightening by the US Federal Reserve and other central banks might not be as aggressive as earlier projected.

A sharp fall in Brent crude oil and other commodity prices has helped assuage concerns over soaring inflation and led to hopes of improvement in corporate profitability. Global oil prices have declined nearly 15 per cent in the past one week.

 

The Nifty gained 143 points, or 0.9 per cent, to close at 16,133 on Thursday, while