Stock Market: Sensex Rises 200 Points, Nifty Trades Above 17,700 Amid Mixed Cues. Metals Up

Stock update: Titan, Tata Steel, Kotak Mahindra Bank, Sun Pharma, HDFC, Dr Reddy's, Reliance Industries, HDFC Bank, Axis Bank, and IndusInd Bank were the major winners in early trade on the BSE

Sensex and Nifty, the two key equity benchmarks, on Thursday opened higher tracking mixed global cues. The domestic indices got help from the buying spree among investors in index majors Reliance Industries and banking counters.

In the opening bell, the BSE benchmark climbed 415 points to 59,959 in early trade. On similar lines, the broader NSE Nifty advanced 127 points to 17,783. At 10.30 am, the Sensex was trading at 59,740, up 196 points, while the Nifty was at 17,723, up 67 points.

On the 30-share Sensex platform, Titan, Tata Steel, Kotak Mahindra Bank, Sun Pharma, HDFC, Dr Reddy's, Reliance Industries, HDFC Bank, Axis Bank, and IndusInd Bank were the major winners in early trade.

On the flip side, Maruti, NTPC, HCL Technologies, Infosys, and Bajaj Finance were among the losers.

In the broader markets, Nifty MidCap 100 and Nifty SmallCap 100 rose over 0.4 per cent each.

All sectors were trading in the positive zone. Nifty Metal index led the charge, rising over 2 per cent in trade.

Among individual stocks, shares of Dabur gained over 2 per cent after the FMCG major planned to invest Rs 325.87 crore in its Indore plant in Madhya Pradesh.

The overall sentiment of the 30-share Sensex pack was positive as 19 scrips were advancing, while 11 were declining.

Stock markets were closed on Wednesday for 'Diwali Balipratipada'.

In the previous session on Tuesday, the BSE benchmark had declined 287 points (0.48 per cent) to finish at 59,543, while the NSE Nifty fell 74 points (0.42 per cent) to end at 17,656.

Elsewhere in Asia, markets in Seoul and Hong Kong traded higher, while Tokyo and Shanghai quoted lower. Wall Street had ended on a mixed note on Wednesday.

International oil benchmark Brent crude was trading 0.27 per cent higher at $95.95 per barrel.

Foreign Institutional Investors (FIIs) offloaded shares worth Rs 247.01 crore on Tuesday, as per exchange data.

Meanwhile, the rupee surged 67 paise to 82.14 against the US dollar in early trade on Thursday as dollar retreated from its elevated levels.

At the interbank foreign exchange, the domestic unit opened at 82.15 against the dollar, then gained ground to quote at 82.14, registering a rise of 67 paise over its previous close. In the previous session on Tuesday, the rupee appreciated by 7 paise to close at 82.81 against the dollar.