Market Opens: Benchmark indices opened higher on Thursday with Nifty trading around 10,700.
At 09:17 hrs IST, the Sensex is up 205.23 points at 35796.48, while Nifty is up 44.40 points at 10696.20. About 532 shares have advanced, 242 shares declined, and 26 shares are unchanged.
Tata Steel, RIL, Grasim, Vedanta, ICICI Bank, UltraTech Cement, Coal India, UPL, Eicher Motors are trading higher, while BPCL, IOC, HPCL, Bharti Infratel, Adani Port, HDFC, Zee Entertainment are among losers.
All the sectoral indices are trading in green, midcap index is up 0.50 percent.
Rupee Opens: The Indian rupee gained in the early trade on Thursday. It has opened higher by 17 paise at 70.95 per dollar versus previous close 71.12.
Market at pre-open: Benchmark indices are trading higher in the pre-opening trade with Nifty above 10,650 level.
At 09:02 hrs IST, the Sensex is up 269.07 points or 0.76% at 35860.32, and the Nifty up 35.00 points or 0.33% at 10686.80.
Bajaj Auto gains 2%, ICICI Bank up 2% in the pre-opening session, while Reliance Industries down 7% and HDFC Bank down 7%.
US markets end higher: US stocks surged on Wednesday after the Federal Reserve said it would be patient in lifting borrowing costs further this year, reassuring investors worried about a slowing economy.
Asian markets at 4-month high: Asia stocks rose to a four-month high on Thursday, tracking Wall Street, after the Federal Reserve pledged to be patient with further interest rate hikes, signalling a potential end to its tightening cycle amid signs of slowing global growth.
Crude Update: US oil prices edged up on Thursday to extend gains into a third session, with widely watched data showing signs of tightening supply in the United States.
SGX Nifty: Trends on SGX Nifty indicate a positive start for the broader index in India, a gain of 71.50 points or 0.67 percent. Nifty futures were trading around 10,708-level on the Singaporean Exchange.
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