On Thursday, the equity benchmark Sensex climbed over 300 points in early trade, leading to a positive trend in global markets, led by shares of HDV twins, ICICI Bank and Infosys.
The 30-share BSE index rose 343.32 points or 0.69% to trade at 50,005.08, and the broader NSE Nifty rose 102.90 points or 0.69% to 14,921.95.
HDFC was around the top 2% in the Sensex pack, followed by Bajaj Finserv, Tech Mahindra, UltraTech Cement, ICICI Bank, SBI and Infosys.
On the other hand, Bajaj Auto, ONGC, Nestle India, Drs. Reddy’s and Kotak Bank lagged behind.
In the previous session, the Sensex jumped 460.37 points or 0.94% to 49,661.76 and the Nifty rose 135.55 points or 0.92% to 14,819.05 points.
Foreign Institutional Investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 227.42 crore as per exchange data on Wednesday.
Binod Modi, Head-Strategy Reliance Securities.
However, locally restrictions are expected to remain volatile in the near term due to the continued increase in new coronovirus cases in different parts of the country.
Elsewhere in Asia, bouncers in Shanghai, Hong Kong and Seoul were trading on a positive note in mid-season deals, while Tokyo was in the red.
Modi said that members of the Federal Reserve ended up with marginal gains shortly after the release of the Federal Open Market Committee (FOMC) of members of the Federal Reserve to tightly curb monetary support in support of the epidemic.
He said, “Despite the economic outlook and labor market reforms, Fed officials said it would take some time before any taping of the monthly asset purchase program and tightening of policy rates. This certainly brought relief to global equities is.”
Meanwhile, global oil benchmark Brent crude was trading 0.19% down at $ 63.04 a barrel.
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