Indian equity markets opened strongly on Thursday, supported by positive global cues and mostly upbeat trends across Asian markets.
At the opening bell, the BSE Sensex gained 238.27 points (0.30%) to reach 78,711, while the Nifty50 rose 56.45 points (0.24%) to 23,784.10.
Stock Performance:
- On the Sensex, only two stocks traded lower: Asian Paints (down 0.32%) and Tech Mahindra (down 0.02%).
Gains were led by banking stocks, with SBI surging 1.13%, followed by Kotak Mahindra Bank, ICICI Bank, Maruti Suzuki India, and Axis Bank.
On the Nifty50, five stocks saw declines:
- Asian Paints (down 0.45%), Dr. Reddy’s, Cipla, Trent, and TCS.
BPCL emerged as the top gainer, rising 1.37%, followed by SBI, ICICI Bank, Maruti Suzuki India, Axis Bank, and Kotak Mahindra Bank.
Sectoral Trends:
- The Nifty Bank index led the sectoral gainers, climbing 0.82%, followed by the Financial Services and Auto indices.
Banking indices also performed well, with the Nifty PSU Bank and Nifty Private Bank indices gaining 0.99% and 0.82%, respectively.
Sectors like FMCG, Metal, IT, Healthcare, Consumer Durables, and Oil were trading in the green, while Media, Pharma, and Realty indices faced some pressure.
Broader Markets:
The Nifty Smallcap 100 index advanced 0.22%, and the Nifty Midcap 100 index gained 0.15%, indicating positive momentum in the broader market.
Disclaimer
The statistics furnished in this news article are for informational features and must no longer be construed as economic recommendations. The inventory marketplace is concerned with dangers, and overall performance does not assure destiny outcomes. Conduct thorough studies and search for advice from an authorized financial advertising representative before making any investment selections.
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