Opening Bell: Sensex Gains Over 300 Points, Nifty Trades Above 17,100

Gains across sectors, led by financial, automobile, and metal shares, pushed the headline indices higher

Tata Steel was the top gainer in the Sensex pack, rising around 2 per cent, followed by Bajaj Finance, PowerGrid, M&M, NTPC, and ITC. Image: Getty

New Delhi: Equity benchmark Sensex surged over 300 points in early trade on Thursday, tracking gains in index majors Infosys, HDFC and ICICI Bank amid a positive trend in global markets.

The 30-share index jumped 305.15 points (0.54 per cent) to 57,235.71 in the opening trade. Similarly, the Nifty advanced 88.25 points (0.52 per cent) to 17,043.70.

Gains across sectors, led by financial, automobile, and metal shares, pushed the headline indices higher. Broader markets also strengthened, with the Nifty Midcap 100 and Smallcap 100 indices up around one percent each

Tata Steel was the top gainer in the Sensex pack, rising around 2 per cent, followed by Bajaj Finance, PowerGrid, M&M, NTPC, and ITC.

On the other hand, Bharti Airtel, and Asian Paints were among the laggards.

In the previous session, the 30-share equity benchmark rose 611.55 points or 1.09 per cent to end at 56,930.56, and Nifty advanced 184.60 points or 1.10 per cent to 16,955.45.

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At 10.00 a.m., Sensex traded at 57,380 points, up 0.8%. It opened at 56,599 points from the previous close of 56,930 points. #Nifty50 opened at 16,865 points from the previous close of 16,955 points. It traded at 17,085 points, up 0.8% during the early-morning trade session.

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- IANS (@IANS) 23 Dec 2021

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 827.26 crore on Wednesday, according to stock exchange data.

According to analysts, despite concerns over Covid resurgence and FII selling, domestic equities are following the positive trend in global markets.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo, and Seoul were trading with gains in mid-session deals.

Stock exchanges in the US ended on a positive note in the overnight session.

Meanwhile, international oil benchmark Brent crude rose 0.16 per cent to $75.40 per barrel.