Nifty Trades Above 15,850 as the Sensex Moves More Than 200 Points

Thursday’s opening trades saw increased trading for Indian equities indexes despite contradictory signals from the Asian markets.

Thursday’s opening trades saw increased trading for Indian equities indexes despite contradictory signals from the Asian markets. Moreover, amid concerns about a recession, U.S. stock futures declined in early trade today.

Trends on the Singapore Exchange’s Nifty Futures (SGX Nifty) suggested that the domestic indices would begin the day marginally higher.

Early in the day, the broad NSE Nifty increased by 60 points or 0.38 percent to trade at 15,859. The 30-share BSE Sensex increased by 224 points or 0.42 percent to 53,251.

As the Nifty Midcap 100 crept up 0.31 percent and the small-cap index rose 0.71 percent today, mid- and small-cap equities were trading well.

The National Stock Exchange’s 15 sector indicators, which were gathered, were trading in the green in 14 of them. The NSE platform was outperformed by the sub-indices Nifty Bank and Nifty Metal, which increased by as high as 0.52 and 0.45 percent, respectively.

In terms of individual stocks, Britannia jumped 1.70 percent to 3,462 and was the biggest Nifty gainer. Among the winners were Tata Steel, Maruti, Apollo Hospitals, and Tata Motors.

1,818 equities on the BSE were rising while 586 were falling, contributing to a positive total market breadth.

Maruti, Tata Steel, Axis Bank, SBI, Asian Paints, PowerGrid, Reliance Industries, ICICI Bank, Sun Pharma, IndusInd Bank, and Hindustan Unilever were among the top gainers on the 30-share BSE index. Kotak Mahindra Bank also saw gains.

Tech Mahindra, Bharti Airtel, ITC, and M&M, on the other hand, were all trading in the red.

Additionally, shares of Life Insurance Corporation of India (LIC), the largest domestic financial investor and insurer in the nation, declined 0.11 percent to trade at 678.15.

On Wednesday, the Sensex lost 150 points, or 0.28 percent, to end the day at 53,027, while the Nifty lost 51 points, or 0.32 percent, to end the day at 15,799.