Stock Market: Sensex Rises Over 300 Points, Nifty At 18,365 Tracking Cues From Global Markets
Stock update: HCL Technologies, HDFC Bank, HDFC, Power Grid, Mahindra & Mahindra, IndusInd Bank, Infosys, Reliance, ITC, and Bajaj Finance were among the major winners on the S&P BSE
Sensex and Nifty, the two key equity benchmarks, on Thursday began trade on a positive note, tracking a firm trend in global markets.
At 10.30 am, the S&P BSE Sensex jumped 311 points to 61,822. The broader NSE Nifty, on the other hand, gained 97 points to 18,365.
On the 30-share Sensex platform, HCL Technologies, HDFC Bank, HDFC, Power Grid, Mahindra & Mahindra, IndusInd Bank, Infosys, Reliance, ITC, and Bajaj Finance were among the major winners. On the flip side, Kotak Mahindra Bank, Tata Steel, Dr Reddy’s, and Bharti Airtel were the only losers.
On the 30-share Sensex pack, the overall market breadth stood positive as 25 scrips were advancing, four were declining while one remained unchanged.
In the broader markets, Nifty SmallCap 100 and Nifty MidCap 100 surged up to 0.4 per cent.
Volatility gauge, India VIX, meanwhile, declined over 4 per cent.
All sectors started trade on a positive note with Nifty Media, Nifty Auto, and Nifty PSU Bank indices leading the charge.
Shares of Fino Payments Bank soared over 8 per cent after investor Capri Global Holdings picked 1.58 per cent stake via open market transactions.
Elsewhere in Asia, markets in Seoul, Tokyo and Hong Kong were trading in the green, while Shanghai quoted lower. Wall Street had ended higher on Wednesday.
US futures climbed after the S&P 500 closed at a two-month high Wednesday before the Thanksgiving holiday.
In the previous session, the BSE benchmark on Wednesday climbed 92 points (0.15 per cent) to end at 61,511, while the NSE Nifty gained 23 points (0.13 per cent) to end at 18,267.
International oil benchmark Brent crude was trading 0.23 per cent lower at $85.24 per barrel.
Foreign Institutional Investors (FIIs) offloaded shares worth Rs 789.86 crore on Wednesday, as per exchange data.
Meanwhile, the rupee appreciated 26 paise to 81.67 against the US dollar in early trade on Thursday as the American currency retreated from its elevated levels.
At the interbank foreign exchange, the domestic unit opened at 81.72 against the dollar, then gained ground to touch 81.67, registering a rise of 26 paise over its previous close.
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