The Indian market started Thursday’s session on a positive note, with Nifty opening above 17,500 and Sensex near 58,900 – near record high levels. The surge in the benchmark indices is mainly led by auto as well as banking and financial stocks in the early morning trade today, September 16, 2021.  

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The BSE Sensex gained over 155 points or 0.26 per cent to 58878.5, while Nifty50 grew by 20 points or 0.11 per cent to 17539.2 levels on Thursday. In the broader markets, Mid-cap Index jumped by over 92 points or 0.31 per cent to 30267.8 levels today at the market open today.   

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Aiding most the Nifty50, Nifty Bank start Wednesday’s session on a positive note, gaining around 95 points or 0.25 per cent to 36946 levels, led by IndusInd Bank.                  

Of 50 scrips on Nifty50, 38 advanced, 12 declined minutes after the market open today. IndusInd Bank, which has an exposure to Vodafone Idea, became showstopper at the market open today, surging by almost 2 per cent after the government’s relief measures for the telecom sector.

Similarly, seeing an impact on the government’s breather to AGR and other relief measures, Bharti Airtel surged second-most after IndusInd, to grow over 1 per cent at the market open, followed by HCL Tech, ONGC, and Eicher Motors each up around 1 per cent.

On the other side, HDFC Bank declined marginally but most in otherwise positive market today, it slipped by 0.36 per cent, followed by HUL, Divis Lab, Nestle India, Tech Mahindra and HDFC each down marginally by between 0.1-0.3 per cent in the early morning trade.

Almost all sectoral indices opened positive, except for Nifty FMCG. Nifty Auto surges most at the market open by almost 0.5 per cent, followed by Nifty Bank and Nifty Metal each gaining by near 0.25per cent. While Nifty FMCG opened flat with negative bias at a 0.03 per cent decline.  

Globally, the US markets on Wednesday ended with gains as energy stocks led the gainers with oil prices at 3-month highs. While Asian markets on Thursday opened muted with the Japanese 'Nikkei' trading almost flat as markets consolidated after a superb last fortnight.

Foreign Institutional Investors (FIIs), another important trigger to domestic markets, bought shares worth Rs232.84cr (cash), bought Rs167.67cr in index futures on Wednesday.    

The Nifty on Wednesday closed with gains for another day as foreign flows see huge left out feelings with PSU buying lifting the index to new all-time highs.