Sensex rises more than 100 points; Nifty claims 12,200
MUMBAI: equity reference BSE sensex It rose more than 100 points in the opening session on Thursday, led by gains in shares of metals, energy and banking amid positive signals for Chinese markets.
The BSE index of 30 shares was trading at 125.84 points or 0.30 percent higher at 41,431.86. Similarly, the broadest NSE Nifty increased 46.55 points or 0.38 percent to 12,229.05.
Tata Steel was the best winner in the sensex package, with a 1.62 percent increase, followed by UltraTech Cement, IndusInd Bank, Bharti Airtel, Bajaj Auto and Reliance Industries.
On the other hand, Titan was the main loser, losing up to 0.94 percent. NTPC, PowerGrid, Asian Paints and Mahindra and Mahindra were also quoted in red.
In the previous session, the 30-share indicator gained 52.28 points or 0.13 percent to close at 41,306.02, while the Nifty closed 14.05 points, or 0.12 percent, higher at 12,182.50
Meanwhile, on a net basis, foreign institutional investors sold shares worth Rs 58.87 million rupees, while national institutional investors bought shares worth Rs 208.47 million rupees on Wednesday, according to data available on the stock exchanges of values.
According to traders, national investors took positive signals from Asian markets after the central bank of China announced a new stimulus for the stuttering of the country's economy.
The courses in Shanghai, Hong Kong were negotiated significantly higher, while those in Seoul were in red numbers. Tokyo stock exchanges were closed for New Year's holidays.
Brent futures, the world benchmark for oil, fell 0.32 percent to $ 66.20 per barrel.
Meanwhile, the rupee depreciated 9 paise at 71.31 against the US dollar in the morning session.