Sensex trades higher on positive global cues, up 375 points

Indian frontline indices opened in inexperienced on Thursday following positive global cues. At 9:50 am, Sensex was up 375 points, or 0.50 per cent, at 74,724. Nifty was up 105 points or 0.47 per cent, at 22,725. Overall market developments stay positive.

Out of the overall shares, 1,949 are buying and selling in inexperienced and 209 in purple. Midcap and smallcap shares are buying and selling with positive bias. The Nifty midcap 100 index is up 1,022 points or 1.99 per cent, at 52,285 and the Nifty smallcap 100 index is up 466 points or 2.86 per cent, at 16,774. India VIX (India Volatility Index) is down 5.88 per cent, at 17.78 points.

Twenty-three out of 30 Sensex shares are buying and selling within the inexperienced. NTPC, SBI, Power Grid, Tech Mahindra, Tata Steel, HCL Tech and Infosys are the highest gainers. However, HUL, Nestle, Sun Pharma, Asian Paints, and Kotak Mahindra Bank are the highest losers.

In Asia, Tokyo, Hong Kong, Seoul, and Jakarta are buying and selling with good points. However, there are declines in Bangkok and Shanghai. American markets closed with good points on Wednesday. Crude oil benchmark Brent crude stays at $78 per barrel and WTI crude at $74 per barrel.

“As the market comes again to normalcy after the irregular volatility of the final three days, the global assemble has turned beneficial with the rising risk of price cuts by the Fed. Clear indicators of weakening labour market within the US led to the sharp decline within the US bond yield to 4.29 per cent,” market specialists mentioned.

(With inputs from IANS)