Market opening bell: Sensex rises to 59,579, Nifty to 17,780


Benchmark equity indices rebounded in early trading Thursday after falling over the previous two trading days, helped by inflows from overseas and a broadly positive trend in global markets.

The 30-stock BSE Sensex climbed 550.73 points to 59,579.64. On similar lines, the broader NSE Nifty rose 156.1 points to 17,780.50.

All 30-share Sensex companies were trading in the green at the start of trading, with Asian Paints, UltraTech Cement, Bharti Airtel, ICICI Bank, Tech Mahindra, Infosys, Mahindra & Mahindra and Bajaj Finance emerging as the biggest gainers.

Elsewhere in Asia, markets in Seoul and Tokyo were trading in the green, while Shanghai and Hong Kong were trading lower in mid-term trades.

US markets ended sharply higher on Wednesday.

BSE’s 30-stock benchmark fell 168.08 points or 0.28% to 59,028.91 on Wednesday. The Nifty fell 31.20 points or 0.18% to 17,624.40.

Meanwhile, international oil benchmark Brent rose 1.05% to $88.92 a barrel.

Foreign Institutional Investors (IFIs) were net buyers as they purchased shares worth 758.37 crores on Wednesday, according to exchange data.

“After two days of steady declines, local equity benchmarks are set to see a firm open, reflecting gains in US markets and subsequent upside in other Asian peers,” said Prashanth Tapse – Research Analyst, Vice President principal (research), Mehta Equities. Ltd in its opening pre-market commentary.


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