Top advancers on Nifty were Yes Bank, Indiabulls Housing Finance, Indian Oil, ZEEL and IndusInd Bank.
Domestic stock markets started Thursday's session on a higher note led by gains in financial and metal stocks amid unabated foreign fund inflow. The S&P BSE Sensex rose as much as 155.61 points to touch 37,907.78, while the Nifty50 barometer of the National Stock Exchange (NSE) surged by 41.75 points to hit 11,383.45. Heavyweights Reliance Industries, HDFC, Larsen & Toubro, Axis Bank and Yes Bank contributed the most to the advances on Sensex.
Here are 10 things to know about Sensex, Nifty today:
- At 9:52 am, the 30-share benchmark index traded 137.09 points or 0.36 per cent higher at 37,889.26, and the Nifty was at 11,378.10, up 36.40 points or 0.32 per cent from the previous close.
- Top advancers on the 50-scrip index were Yes Bank, Indiabulls Housing Finance, Indian Oil, ZEEL and IndusInd Bank, trading between 1.63 and 3.85 per cent higher.
- The Nifty metal index was trading 1.14 per cent higher at that time.
- Domestic equities extended their gains as investors anticipate a better performance by the ruling NDA government in the upcoming general election, helping them develop risk appetite, amid sustained foreign fund inflows, analysts were quoted as saying in a news agency Press Trust of India (PTI) report.
- According to Sahaj Agrawal of Kotak Securities, Nifty has given a strong breakout and is expected to remain strong going ahead.
- "Broad-based participation is seen which is supportive of the positive outlook of the market," he said.
- Asian shares, on the other hand, barely budged on Thursday as investors reacted cautiously to mixed data from China, while the pound hovered near nine-month highs as the risk of a no-deal Brexit receded following a late-night vote. MSCI's broadest index of Asia-Pacific shares outside Japan held at 522.06 points.
- The rupee, meanwhile, fell 24 paise to 69.78 against the dollar in opening trade on Thursday on increased demand for the greenback from importers and banks and rising crude oil prices.
- The benchmark Brent crude futures rose 0.37 per cent to trade at $67.80 per barrel.
- On a net basis, foreign institutional investors (FIIs) bought shares worth a net of Rs 2,722.28 crore on Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 1,508.14 crore, provisional data available with NSE showed.
(With inputs from agencies)
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