Sensex Jumps Over 400 Points, Nifty Trades Above 17,250
Indian equity benchmarks on Thursday traded higher in opening deals led by gains in banking and financial stocks. Asian shares were mixed on worries about the Chinese economy.
Trends on the Nifty Futures on Singapore Exchange (SGX Nifty) indicated a higher start for the domestic indices.
The 30-share BSE Sensex rose 405 points or 0.71 per cent to 57,443 in early trade, while the broader NSE Nifty moved 115 points or 0.68 per cent up to trade at 17,254.
Mid- and small-cap shares were positive as Nifty Midcap 100 gained 0.76 per cent and small-cap climbed 1.14 per cent.
14 out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the green. Nifty Bank, Nifty Financial Services were outperforming the index by rising as much as 0.77 per cent and 0.78 per cent, respectively.
On the stock-specific front, Coal India was the top gainer as the stock surged 2.29 per cent to Rs 203.65. Reliance Industries, IndusInd Bank, Asian Paints and Adani Ports were also among the gainers.
The overall market breadth stood strong as 2,072 shares were advancing while 570 were declining on BSE.
On the 30-share BSE index, IndusInd Bank, Reliance, Asian Paints, Sun Pharma, Maruti, M&M, Bajaj Finserv and L&T were among the top gainers.
In contrast, Nestle India, Tata Steel, Tech Mahindra, HCL Tech and Axis Bank were trading in the red.
Sensex had surged 574 points or 1.02 per cent to close at 57,038 on Wednesday, while Nifty had moved 178 points or 1.05 per cent higher to settle at 17,137.
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