Sensex today: After wild swings the previous day, the Sensex and Nifty indices opened in the green amid mildly positive global signals on Thursday. Frontline Indices Nifty50 rose more than 50 points to trade above 18,050 levels and the S&P BSE Sensex climbed more than 250 points to trade above 60,632 levels.
Broader markets also reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 rose to 0.9 percent.
Kotak Mahindra Bank, NTPC, M&M, HUL, ITC, Maruti Suzuki were the largest contributors to the benchmark indices. Meanwhile, Tata Steel, Infosys, IndusInd Bank weighed in on them.
With the exception of Nifty Media, all sectors started trading positively with marginal gains. Nifty Bank, Nifty Auto and Nifty Energy indices rose to 0.7 percent.
Global clues
Asian stock markets were stable but vulnerable on Thursday, a day after their biggest decline in three months, as investors weighed the risk that the Federal Reserve might announce a 100 basis point rate hike next week to tackle sticky inflation.
Tokyo stocks opened higher on Thursday, lagging gains on Wall Street and rebounding from the previous day’s sharp losses on concerns over US inflation. The benchmark Nikkei 225 index rose 0.25 percent or 69.19 points to 27,887.81 in early trading, while the broader Topix index rose 0.11 percent or 2.14 points to 1,949.60.
Wall Street ended a directionless session higher on Wednesday after an on-track inflation report largely halted the flow of Tuesday’s sell-off and investors pushed the “pause” button.
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