After two days of negative starts, equity benchmark indices showed positive momentum on Thursday amid strong global cues. At the opening bell, the 30-share BSE Sensex rose 264.85 points to 82,617.49. Meanwhile, the Nifty also rose 76.75 points to 25,275.45 points.
Among the 30 companies on the Sensex, UltraTech Cement, Tata Steel, ITC, Titan, ICICI Bank, JSW Steel, Reliance Industries and HDFC Bank were the top gainers. Nestle, Bharti Airtel, Bajaj Finserv, Bajaj Finance and Mahindra & Mahindra were among the laggards. In Asian markets, Seoul and Shanghai were trading higher, while Tokyo and Hong Kong were trading lower. US markets closed on a mixed note on Wednesday. Meanwhile, Brent crude, the global oil benchmark, traded 0.19 per cent higher at $72.84 a barrel.
Rupee vs Dollar
The rupee appreciated 4 paise to 83.97 against the US dollar in early trade on Thursday, supported by weakening of the American currency in the overseas market and a positive trend in domestic stocks.
Currency traders said a general fall in crude oil prices and foreign fund inflows helped investor sentiment. At the interbank forex market, the local unit opened at 83.98, then inched higher to touch 83.97, registering a rise of 4 paise from its previous close. On Wednesday, the rupee breached the crucial 84 mark for the second time in a month and settled 3 paise lower at 84.01 against the US currency.
(With contributions from PTI)
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