Stock Market Updates : On Thursday, the day of weekly expiry, there is a good jump in the stock markets. Today, both the benchmark indices have jumped due to gains in Infosys, TCS, HDFC Bank, ICICI Bank and HDFC. Nifty has managed to cross its psychological level of 15,700. Sensex climbed over 200 points in early trade. The Annual General Meeting of Reliance Industries is to be held this afternoon, on which investors are eyeing. However, before that today the shares are currently trading flat.
In the morning, at 10.36, the Sensex was trading at the level of 52,552.84. The index had gained 246.76 points or 0.47% during this period. At the same time, Nifty was trading at 15,748.00 with a gain of 61.05 points i.e. 0.39%.
In the opening, the Sensex was trading 216.23 points or 0.41 percent higher at 52,522.31. At the same time, Nifty rose 59.95 points or 0.38 percent to reach 15,746.90.
The biggest gain of more than one percent in the Sensex was in Tata Steel. Apart from this, L&T, Infosys, UltraTech Cement, ICICI Bank, SBI and Axis Bank were also trading with gains. On the other hand, Titan, NTPC, Bajaj Auto and Reliance Industries saw a decline.
Global markets are looking bullish after the US Federal Bank’s assurance of not increasing policy rates soon. However, trading was taking place in the red mark in the Chinese markets.
In the previous session, the Sensex closed 282.63 points or 0.54 per cent lower at 52,306.08, while the Nifty closed 85.80 points or 0.54 per cent lower at 15,686.95.
According to provisional data of the stock market, foreign institutional investors (FIIs) bought shares worth Rs 3,156.53 crore on a gross basis on Wednesday. Meanwhile, international oil benchmark Brent crude was trading 0.12 per cent higher at $75.28 per barrel.
(with input from language)