The Sensex and Nifty opened in the green in Thursday’s session on a higher note after an overnight rally in US markets. At 09:16 IST, the Sensex rose 315.56 points or 0.59 percent to 54064.82, and the Nifty rose 91.10 points or 0.57 percent to 16116.90. About 1160 shares have moved up, 499 shares have fallen and 77 shares have remained unchanged.
Among the Sensex-30 stocks, Tata Steel, ICICI Bank, Wipro, Axis Bank, HDFC Bank, TCS, PowerGrid, IndusInd Bank, HCL Tech and SBI were the biggest winners, with gains of up to 1 percent. HUL, Bharti Airtel, NTPC, M&M and L&T, meanwhile, were the biggest losers.
In the broader markets, the BSE MidCap and SmallCap indices were also in positive territory, rising to 0.4 percent.
Sector-wise, Nifty banks, financial institutions and IT indices were the biggest gains, each up 1 percent. Pharma and media shares also rose sharply. FMCG and energy packages, on the other hand, were under pressure.
As for the stock, Deepak Fertilizers extended its rally with a gain of more than 4 percent. The company on Wednesday reported a 144.30 percent jump in its consolidated profit after tax (PAT) at Rs 282.91 crore for the quarter ended March 2022.
IndiGo was up more than 5 percent despite a loss of Rs 1,681 crore in the quarter ended March 31 (Q4).
Shares ended well higher on Wall Street on Wednesday after minutes from the Federal Reserve’s most recent meeting signaled that the central bank plans to act “quickly” to push interest rates back to more neutral levels in its battle to to tame inflation. The S&P 500 rose 0.9 percent, while the Dow Jones Industrial Average rose 0.6 percent. The Nasdaq climbed 1.5 percent. The indices, which have rebounded from early reds, are heading for weekly gains despite more up and down trading this week.
Tokyo stocks opened higher on Thursday after Wall Street gains, despite ongoing concerns about inflationary pressures from the war in Ukraine. The benchmark Nikkei 225 index rose 0.14 percent or 36.94 points to 26,714.74, while the broader Topix index rose 0.45 percent or 8.43 points to 1,885.01. The dollar stood at 127.3 yen, nearly flat from 127.26 yen on Wednesday in New York.
Hong Kong stocks opened up front on Thursday morning after a positive lead from Wall Street, fueled by easing fears over the Federal Reserve’s rate hike plans. The Hang Seng index rose 0.50 percent or 100.95 points to 20,272.22. The Shanghai Composite Index rose 0.13% or 4.02 points to 3,111.48, while the Shenzhen Composite Index rose 014 percent or 2.69 points to 1,947.57 on China’s second exchange.
The expert opinions and investment tips in this News18.com report are their own and not the website’s or its management. Users are advised to contact certified experts before making any investment decisions.
Read all the latest news, breaking news and IPL 2022 Live Updates here.