Last updated: May 18, 2023, 9:37 AM IST
Sensex Today: Benchmark indices Sensex and Nifty expect a positive open on Thursday in what appears to be a break in the relentless selling of the past two days. The global mood improved overnight as US leaders reassured that there will be no default. The BSE Sensex traded 394 points or 0.64% higher at 61,954. Nifty50 was trading at 18,277, up 95 points or 0.52% at around 9:17 am.
In the Sensex package, Axis Bank, UltraTech Cement, Infosys, Nestle, HDFC and Bajaj Finserv opened with gains, while only Titan and M&M traded in the red.
Among individual stocks, Whirlpool India opened 4% lower after Q4 results, while Jindal Stainless rose almost 5% higher after the company reported a net profit of Rs 766 crore in Q4 FY23.
Sector-wise, Nifty Metal was up 1.19% and Nifty Financial Services was up 0.84%. Banking, auto, FMCG, IT, media, pharmaceutical, consumer discretionary and healthcare sectors also traded in the green. In the wider market, Nifty Midcap 100 was up 0.47% and Nifty Smallcap 100 was up 0.65%.
Global signals
US President Joe Biden and congressional leaders are about to strike a deal to raise the US debt ceiling, reports show. This can be done at the end of the week.
The US markets gained overnight. The Nasdaq closed 1.28 percent higher. The Dow Jones gained 1.24 percent and the S&P 500 rose 1.19 percent.
Asian indices also mirrored gains this morning with Nikkei, Hang Seng, Strait Times and Kospi rising 0.5-1.5 percent.
