Home Business Sensex Jumps 600 pts at Open, Breaches 59K; Nifty50 Above 17,700

Sensex Jumps 600 pts at Open, Breaches 59K; Nifty50 Above 17,700

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Sensex Jumps 600 pts at Open, Breaches 59K; Nifty50 Above 17,700

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Stock Market Today: The Indian equity markets opened on an upbeat note on Thursday morning amid supportive global cues. At 09:16 IST, the Sensex was up 585.21 points or 0.99 per cent at 59402.50, and the Nifty was up 161.40 points or 0.92 per cent at 17696.20.

Top Gainers & Losers

Eicher Motors, Tech Mahindra, Wipro, ICICI Bank and Infosys were among major gainers on the Nifty, while losers were Hindalco Industries, Tata Consumer Products, Divis Labs, Apollo Hospitals and SBI Life Insurance.

Broader markets, too, reflected strength as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.9 per cent.

That apart, all sectors opened in green as Nifty Bank, Nifty IT, and Nifty Realty led the charge.

Among individual stocks, shares of Eicher Motors hit 52-week high at Rs 3,256 per share after the auto major reported over two-fold jump in consolidated net profit to Rs 611 crore in Q1FY23.

Besides, shares of Coal India, too, hit 52-week high at Rs 226 per share after the miner saw 178 per cent jump YoY in consolidated net profit to Rs 8,834 crore in Q1FY23.

Global Cues

Asian shares tracked Wall Street higher on Thursday after a softer-than-expected US inflation report encouraged bets of less aggressive rate hikes from the Federal Reserve, while the dollar remained bruised after its biggest plunge in five months.

Wall Street surged on Wednesday, putting the Nasdaq more than 20 per cent above its June low, after US inflation slowed more than expected in July and raised hopes the Federal Reserve will become less aggressive on interest rates hikes.

The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

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