Share Market: Sensex stocks like Reliance Industries, HDFC Bank, HDFC and Infosys, which had a large weight, rose sharply by over 600 points in early trade in the stock markets on Thursday. Most Asian markets were positive.
The 30-share Sensex of the Bombay Stock Exchange (BSE) climbed 606.19 points, or 1.22 per cent, to 50,340.03 in the initial round of trading. At the same time, the National Stock Exchange’s Nifty also rose by 169.30 points, or 1.14 percent, to 15,033.85 points.
IndusInd Bank topped the Sensex stocks, rising about 3 percent. After this, Axis Bank, Bajaj Finance, Bajaj Finserv, ONGC, Kotak Bank and Reliance Industries also recorded gains. In contrast, Nestle India, HCL Tech and Sun Pharma have a declining trend.
In the previous day’s session, the Sensex fell by 789.70 points, or 1.61 percent, to 49,733.84 points, and the Nifty closed 211.50, or 1.44 percent, at 14,864.55 points.
The Nifty has climbed over 500 points in the last five trading sessions. Meanwhile, the international oil benchmark Brent crude oil remained 0.33 percent higher at $ 67 a barrel.
(This news has not been edited by the NDTV team. It has been published directly from the Syndicate feed.)