Sensex jumps 251 points after flat opening

Indian fairness indices had been buying and selling within the inexperienced on Thursday after a flat begin. At 9:40 a.m., Sensex was up 251 points or 0.34 per cent, at 74,472 points and Nifty was up 76 points or 0.34 per cent, at 22,674 points.

Midcap and smallcap shares are additionally buying and selling with positive factors. The Nifty midcap 100 index is up 254 points or 0.49 per cent, at 52,402 points and the Nifty smallcap 100 index is up 82 points or 0.49 per cent, at 16,966 points.

The Indian Volatility Index (India VIX) was buying and selling flat at 21.29 points.

Among the sector indices, IT, PSU Bank, Fin service, Realty and Pvt Bank are main gainers. Pharma, Metal, Media, Energy and Commodities are main losers.

In the Sensex pack, Asian Paints, IndusInd Bank, Axis Bank, and Wipro are main gainers, and Power Grid, Sun Pharma, Tata Steel, and Nestle are main losers.

According to market consultants, “There are positives and negatives for the market right this moment. The greatest constructive is the file Rs 2.11 lakh crore dividend from the RBI to the federal government, which is able to give a further 0.3 per cent of GDP fiscal room for the federal government. This means the federal government can cut back its fiscal deficit and step up infrastructure spending.”

(With inputs from IANS)