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Sensex Opens Higher for Seventh Day, Nifty Near 8,900
19 Feb 2015, 09:48 AM IST 
The Sensex opened higher for seventh day in a row on Thursday on the back of stable global cues.
The Nifty was trading close to 8,900 levels on the back of gains visible in heavyweights like Bharti Airtel, HUL, Cipla and ONGC.
Overnight, the Dow and S&P 500 ended barely lower on Wednesday after a drop in energy shares but declines were limited by minutes from the latest Federal Reserve meeting, which showed policymakers are concerned about raising interest rates too soon.
The Dow Jones industrial average fell 17.73 points, or 0.1 percent, to 18,029.85, the S&P 500 lost 0.66 points, or 0.03 percent, to 2,099.68 and the Nasdaq Composite added 7.10 points, or 0.14 percent, to 4,906.36.
In Asia, Japan's Nikkei rose 0.6 per cent to heights last seen in 2000 helped by gains in financial and shipping companies. Hang Seng and Shanghai Composite were also trading on a positive note.
Back home, Cipla was the top gainer from the Nifty basket. The Stock jumped 1.5 per cent to Rs 688. Bharat Petroleum, Asian Paints, Bharti Airtel and HCL Tech were also trading higher by around 1 per cent each.
On the other hand, ACC was the top Nifty loserm down 1.5 per cent to Rs 1,629. Ambuja Cements, Bajaj Auto, Kotak Mahindra Bank, Tech Mahindra and Dr Reddy's Labs were also among the losers.
The mid-cap and small-cap indices were in line with the benchmark indices, up around 0.4 per cent each.
Most of the sectoral indices were in green with consumer durable index leading the gains. Realty, auto and oil & gas stocks were also witnessing some buying in the opening trades.
The Sensex was up 105 points at 29,424 and the Nifty advanced 21 points to 8,889.
(With inputs from Reuters)