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Stock Market opens Green (Img: Pinterest)
New Delhi: The Indian indices opened marginally higher on Thursday, with Sensex opening 225 points higher and Nifty trading up at 67 points.
Indian equity market continued the upward trend for the second straight session amid mixed global cues Wednesday.
While the 30-share BSE Sensex jumped 202.99 points or 0.26 per cent to start the session at 77,388.42, the Nifty added 63.6 points to open at 24,142.10.
In the last trading session, the Sensex closed at 77,054.94 and the Nifty 50 at 24,078.50.
From the Sensex pack, HCL Tech, Infosys, Tech Mahindra, Tata Consultancy and Maruti were the gainers, with HCL Tech leading the pack by gaining nearly 2.65 per cent in the early trade.
On the other hand, Axis, Bajaj Finserv, NTPC, SBIN and Adani Ports were among the losers, with Axis Bank the top loser, down over 0.50 per cent.
The early market breadth was positive, with 1,749 stocks advancing against 577 stocks declining on the NSE. 103 stocks remained unchanged.
Asian equities traded lower after weakness in global chip stocks ahead of earnings from Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker.
In the meantime Japan’s market dropped 3% and South Korea’s KOSPI tumbled 6.3% amid sharp declines in semiconductor heavyweights Samsung Electronics and SK Hynix
Crude oil prices hiked for a fourth consecutive session as renewed tension between the United States and Iran heightened over the Strait of Hormuz.
Brent crude futures rose to around $85.3 per barrel, while US West Texas Intermediate (WTI) traded near $80 per barrel after the US carried out fresh strikes on Iranian military installations and Tehran warned of an “existential war" with America.
