Stock Markets Opening Bell: Indices open in GREEN; Sensex up nearly 200 points, Nifty above 15800 - Know top gainers and losers here
Stock Markets Opening Bell: Indices open in GREEN; Sensex up nearly 200 points, Nifty above 15800 - Know top gainers and losers here
Indian markets started Thursday’s session on a positive note with both Sensex and Nifty growing by 0.3 per cent each on the back of strong global cues and expiry for derivative contracts yesterday.
At open, BSE Sensex gained 178.16 points or 0.34 per cent to 52877.20 levels, while Nifty50 up 48.9 points or 0.31 per cent to 15839.4. Other important indices such as Nifty Bank up 89.7 points or 0.26 per cent to 34916.7 and Mid-cap Index grew over 104 points or 0.39 per cent to 26706.20.
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Of 50 scrips on Nifty50, 36 advanced and 14 declines minutes after the market open today. Steel and Auto stocks surged most at open today with Tata Steel gained most on the index today by around three per cent, followed by JSW Steel and ONGC around two per cent each.
Meanwhile, Tata Motors and Maruti Suzuki surged too during early morning trade today, each surging by around one and a half per cent at market open.
On the other hand, Reliance Industries continued its decline since the annual general meeting yesterday. The stock fell most on the index by around two per cent, followed by HUL and IndusInd Bank each declining by around one per cent in the early morning trade today.
Except for FMCG, all other sectoral indices are in the green with Nifty Metal surging most by over two per cent, led by Tata Steel and JSW Steel. While Nifty Auto and Nifty Realty gained second and third most respectively in the sectoral indices list minutes after market open.
On the global front, US stocks gain as President Biden wins Senate approval for US$2 trillion infra spending bill that led Dow Jones surge over 330 points while Nasdaq closed at a fresh all-time high.
Similarly, Asian markets opened in the green led by the South Korean 'Kospi' which hit a fresh new all-time high in early trade today followed by the Taiwan and Japanese markets.
Another important trigger for domestic markets, Foreign Institutional Investors sold shares worth Rs 2890.94 crore in cash and bought Rs 1138.76 crore in index futures.
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