The domestic markets opened positively for the fourth session in a row on Thursday, with both the benchmark indices BSE Sensex and Nifty50 holding their fort at key levels. The former opened at 51128.80, up 0.28 per cent or 111.28 points, while the latter at 15324, 0.15 per cent or 22.50 points higher. 

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Nifty50 is trading very near to life high level of 15341, as we are headed in the highest ever derivative expiry of contracts, it’s likely the Index may possibly create a new high. 

Nifty Bank too opened flat but failed to hold on to Wednesday's levels in the early morning trade as compared to benchmark indices and broader markets. It was down by almost 0.3 per cent within 30 minutes of its opening. While Midcap Index surged most at open than its peers with 0.32 per cent higher at 25647.20. 

As expected, BPCL surged most at the open as an index gainer, with around two per cent on the back of strong quarter four results in the financial year 2020-2021. Other top gainers were IOC, Eicher Motors (results scheduled today), Mahindra and Mahindra, and HDFC. 

 On the other hand, both Bajaj twins – Bajaj Finserv and Bajaj Finance declined most at the opening of the market today by over one per cent, followed by Asian Paints, HUL, and Grasim. 

Out of 50 scrips on Nifty, 23 advances and 27 declines at the open during today’s trade. Except for Nifty Auto, IT, and PSU Bank all other sectoral indices decline at the open, Nifty Private Bank declined most with around half a per cent  

Similarly, Asian markets opened weak with profit booking sees across the board as the Japanese Nikkei traded lower by over 250 points.

The US market closed mixed with all the important indices such as Dow Jones, S&P 500, and NASDAQ Composite traded flat on Wednesday.  

Meanwhile, the Foreign Institutional Investors on Wednesday bought shares worth Rs 241.6 crore in cash, whereas sold Rs 438.59 crore in index futures. While Domestic Institutional Investors sold share worth Rs 438.59 crore in cash.