After three days of decline since New Year’s, the BSE Sensex and Nifty rose on Thursday. Power Grid, Infosys, and Tata Motors won big.
After three days of loss since New Year, stock benchmark indices climbed Thursday. Early trade saw the 30-share BSE Sensex increase 351.88 points to 71,708.48. Meanwhile, the Nifty jumped 99 points to 21,616.35.
Sensex leaders were Bajaj Finance, NTPC, Bajaj Finserv, Tata Motors, Power Grid, Infosys, Mahindra & Mahindra, Nestle, Titan, and Reliance Industries. HCL Tech, Tata Steel, Maruti, and Bharti Airtel slowed.
South Korea, Japan, China, and Hong Kong quoted unfavorably. US markets slumped Wednesday. Brent increased 0.27 percent to $78.46. Market data shows FIIs sold Rs 666.34 crore in stocks on Wednesday.
The rupee traded in a limited range against the US dollar early Thursday as rising crude oil prices countered robust domestic equities. Forex traders said foreign fund withdrawals demoralized investors. At the interbank foreign exchange, the rupee opened at 83.30 and slipped 2 paise to 83.32.
Conclusion
After three days of loss since New Year, stock benchmark indices climbed Thursday. Early trade saw the 30-share BSE Sensex increase 351.88 points to 71,708.48. Meanwhile, the Nifty rose 99 points to 21,616.35. Brent climbed 0.27% to USD 78.46 a barrel Wednesday, depressing US stocks. Institutional foreign investors sold Rs 666.34 crore in equities.
