Benchmark equity indices opened on a positive note on Thursday, buoyed by sustained foreign institutional inflows and strong buying in Reliance Industries, among other blue-chip stocks. A broadly firm trend in Asian markets also bolstered investor sentiment.
The 30-share BSE Sensex rose by 197.83 points to reach 81,196.08 in early trade, while the NSE Nifty advanced by 71 points, touching 24,691.20.
Among the leading gainers in the Sensex pack were Reliance Industries, Power Grid, Sun Pharmaceutical, Mahindra & Mahindra, HCL Technologies, Adani Ports, and NTPC. Conversely, Bajaj Finance, Bajaj Finserv, Nestlé India, and Hindustan Unilever witnessed declines in the opening session.
Foreign Institutional Investors (FIIs) turned net buyers on Wednesday, purchasing equities worth ₹1,076.18 crore, according to data from the exchanges.
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Asian markets offered mixed cues, with South Korea’s Kospi, Shanghai’s SSE Composite Index, and Hong Kong’s Hang Seng trading in positive territory. Japan’s Nikkei 225, however, was quoting lower in morning deals.
US markets ended mixed overnight, reflecting investor caution ahead of upcoming macroeconomic indicators and interest rate outlooks.
Meanwhile, the global oil benchmark Brent crude eased slightly, falling 0.12 per cent to USD 64.78 per barrel.
On Wednesday, the BSE Sensex had climbed 260.74 points, or 0.32 per cent, to settle at 80,998.25. The Nifty also rose by 77.70 points, or 0.32 per cent, to close at 24,620.20.
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