Global cues push equity markets higher; financials rise (Lead)
Following Asian peers, the key indices of the Indian equity market made a gap-up opening and sustained their upward trajectory during the opening session on Thursday.
Accordingly, both the 30-scrip Sensitive Index (Sensex) of the S&P BSE and the NSE Nifty50 opened on a positive note.
Sector wise, financials and select PSU stocks made healthy gains.
Around 10.45 a.m., the Sensex of the BSE opened at 35,604 points and traded at 35,704.36 points, up by 289.91 points or 0.82 per cent on Thursday.
On Wednesday, the Sensex had closed at 35,414.45 points.
Similarly, the broader 50-scrip Nifty at the National Stock Exchange (NSE) made gains during the opening session.
It traded at 10,508.60 points, up 78.55 points or 0.75 per cent from its previous close.
“Nifty rose to make almost a double top near its previous recent high of 10,553 but profit taking at higher levels resulted in some minor correction,” said Deepak Jasani, Head of Retail Research at HDFC Securities.
“Market participants expect the Nifty to make a new recent high today post which the upward momentum could gather pace.”