Stock Market: Sensex Rises 150 Points, Nifty Over 19,350 Amid Volatility. Jio Financial Gains 5 Per Cent

Stock update: On the 30-share Sensex platform, Jio Fin, HCL, TechM, Maruti, Axis Bank, Titan were among the lead gainers

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices went up to 0.7 per cent.

Source : Getty

The two key equity benchmarks, Sensex and Nifty, on Thursday were trading the green zone, tracking mixed global trends. At 10 am, the BSE Sensex was up 162 points to 65,249. On the other hand, the NSE Nifty50 was trading at 19,377, up 30 points.

On the 30-share Sensex platform, Jio Fin, HCL, TechM, Maruti, Axis Bank, Titan were among the lead gainers. On the downside, Asian Paints, HDFC Bank, Sun Pharma, Bajaj Finance, IndusInd Bank, M&M, Airtel emerged losers. Among specific stocks, shares of Rail Vikas Nigam (RVNL) surged 2 per cent after the company emerged as the lowest bidder (L1) in five projects of Maharashtra Metro Rail Corporation.

#ABPStockMarketWatch | Sensex and Nifty were trading in the green zone amid mixed global cues, on Thursday

At 9:40 AM, #Sensex rose by 119 points to 65,206 & #Nifty by 19 points to 19,366

Here's a look at the stocks in focus:#ABPLive #MarketWatch pic.twitter.com/IVpnZrb0aj

— ABP LIVE (@abplive) August 31, 2023

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices went up to 0.7 per cent.

Sectorwise, Nifty IT and Nifty Media gained the most, up to 1 per cent, while Nifty Pharma and Nifty Realty indices were the worst hit.

In the previous session on Wednesday, the S&P BSE Sensex closed at 65,087, up 11 points, while the Nifty settled at 19,347, up 5 points.

In the Asian markets mixed trends were visible, with Japan gaining marginally, while Hong Kong and China slipped. On Wednesday, most of the European markets closed lower while the US market ended in the positive territory.

In a pre-market note, Vikas Jain, Senior Research Analyst at Reliance Securities, said the market will focus on August series F&O expiry and domestic Q1 GDP data to be release post market, among other data.

Brent crude futures were marginally down at $85.74 per barrel.

On Wednesday, Foreign Institutional Investors (FIIs) were net sellers of domestic equities as they offloaded shares worth Rs 494.68 crore.

Meanwhile, the rupee traded in a narrow range and appreciated by 1 paise to 82.62 against the US dollar in early trade on Thursday amid a positive trend in the domestic equity market. Outflow of foreign funds and relatively higher crude prices weighed on the domestic unit, according to forex traders.

At the interbank foreign exchange, the domestic unit opened at 82.65 and traded between the peak of 82.58 and the lowest level of 82.73 against the greenback.

Later, the rupee was trading at 82.62 against the dollar, registering a gain of 1 paise from its previous close. On Wednesday, the rupee closed at 82.63 against the dollar.