Stock market update: Sensex gains over 200 pts, Nifty nears 10,650; Yes Bank plunges 7%

The domestic benchmark indices BSE Sensex and NSE Nifty opened on a flat to flat positive note on Thursday morning broadly on positive global cues and a recovery in the domestic currency.

At 1.48 pm, the S&P BSE Sensex traded 228.63 points higher at 35,370.62 from its previous close of 35,141.99, (Image: PTI)

Stock market update: The domestic benchmark indices BSE Sensex and NSE Nifty opened on a flat to flat positive note on Thursday morning broadly on positive global cues and a recovery in the domestic currency. The global economic factor pushed the key equity indices in the green as Sensex gained over 225 points and Nifty traded above the 10,600 mark during the afternoon session of the trade. According to reports, healthy buying was witnessed in export-oriented stocks like IT as the rupee recovered. Consumer durables, finance and banking stocks also gained. India rupee traded at Rs 72.08 against a US dollar from its previous close of Rs 72.31. However, selling pressure was witnessed in oil and gas, telecom stocks. The benchmark Brent Crude traded at $66.40 a barrel. At 1.48 pm, the S&P BSE Sensex traded 228.63 points higher at 35,370.62 from its previous close of 35,141.99, reported news agency IANS. The benchmark index touched a high of 35,400.62 and a low of 35,118.42 while the NSE's Nifty was trading 59.20 points higher at 10,635.50. Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal, stated a report from news agency Reuters. Top gainers of today's stock market were Yes Bank, Vodafone India, Grasim, Coffee Day, PC Jeweller, Thermax and Raymond. Stock market on Wednesday: The S&P BSE Sensex started at 35,330.14 against its last close of 35,144.49 yesterday. Likewise, the Nifty50 index of the National Stock Exchange (NSE) opened at 10,634.90 as compared to Tuesday's close of 10,582.50. Key sectors including banks, energy, metals and consumption were trading higher, while IT stocks were under pressure. The Nifty Midcap index was up over 0.60 per cent. Even the Asian shares edged lower as investors fretted about slowing global growth with crude oil prices sinking on worries about weakening world demand and oversupply.