The Indian markets started Thursday’s session with minor gains on the back of Fed policy decision and F&O monthly expiry. The BSE Sensex gained 250 points or 0.48 per cent to 52,693.5, while Nifty grew over 50 points or 0.34 per cent to 15,762.7 levels at open today.  

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

In the broader markets category, the mid-cap index followed the suite of benchmarks and gained almost 130 points or 0.47 per cent to 27445 at open on Thursday. Similarly, another important Index — Nifty Bank jumped over 207 points 0.60 per cent to 34740.3 today at the market open.     

See Zee Business Live TV Streaming Below:

Of 50 scrips on Nifty50, 41 advanced, 8 declined and one remained unchanged minutes after the market open today. Almost all top five Index gainers such as Tata Motors, ICICI Bank, and Bharti Airtel, UPL, and Hindalco each surged over 1 per cent in the early morning trade today.  

While amid lower than expected Q1 results, auto major Maruti Suzuki slipped most by over 1 per cent, followed by Cipla, Eicher Motors, Bajaj Auto and Britannia each declined by almost 0.5 per cent in the early morning trade on Thursday.  

Almost all sectoral indices opened in the green today, with banking and financial along with realty stocks surging most in the early morning trade and lifting the domestic market up. 

On the global front, the US markets on Wednesday were volatile as Federal Reserve leaves rates unchanged with Nasdaq gaining over 100 while Dow Jones loses 100 points. Similarly, Asian markets on Thursday opened in the green led by the Japanese 'Nikkei' was up over 175 points in early trade.

Another important trigger to the domestic market, Foreign Institutional Investors (FIIs) sold shares worth Rs 2274.77 crore in cash and bought Rs 921.45 cr in index futures.

The Nifty on Wednesday had a volatile session with foreign selling seeing huge volatility as the index gyrated over 254 points before closing down 37. Bank Nifty also saw huge swings before closing down 265 points.