Indian equity benchmarks opened sharply higher on Thursday, snapping a three-day losing streak. The NSE Nifty 50 opened above the 25,300 mark, while the BSE Sensex surged over 500 points in early trade.
Nifty Opens Above 25,300, Sensex Jumps Over 500 Points
Mumbai: The Indian stock market opened on a strong note on Thursday, snapping its three-day losing streak. Domestic benchmark indices witnessed strong buying in early trade.
The NSE Nifty 50 opened 0.74% higher at 25,344.15, while the BSE Sensex rose 0.67% to 82,459.66. Within minutes of market opening, the Nifty was trading 0.60% higher, while the Sensex was up over 507 points by 9:15 am.
Several stocks were on investors' radar today. Pre-market trading saw strong activity in Eternal, with over 3.34 million shares transacted. Shares of IndiGo, Waaree Energies, and Coforge were also in focus.
The market's initial rally is attributed to buying in select heavyweight stocks, improving global cues, and positive investor sentiment. Investors will now be closely watching institutional investor activity throughout the day and future market signals.
(...being updared)
