Sensex Gains More Than 150 Points, while the Nifty Trades Above 16,000

Thursday’s opening deals saw increased trading for Indian equities indexes thanks to encouraging signals from the Asian markets.

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In response to encouraging cues from the Asian markets, Indian equities indexes gained higher in opening trades on Thursday.

The domestic indices got off to a cautious start, according to trends on the Nifty Futures on the Singapore Exchange (SGX Nifty).

The 30-share BSE Sensex increased by 183 points or 0.34 percent in the early going to reach 53,697, while the larger NSE Nifty gained 58 points or 0.36 percent to close at 16,024.

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Despite the Nifty Midcap 100’s 0.34 percent gain and small-0.03 cap’s percent loss, mid- and small-cap shares were trading in a mixed bag.

The National Stock Exchange’s 15 sector gauges, which were 12 of them in the green, were trading. Nifty Pharma and Nifty Healthcare, two sub-indices, outperformed the NSE platform by increasing by as much as 1.07 and 1.21 percent, respectively.

In terms of individual stocks, Apollo Hospitals, whose shares rocketed 2.13 percent to 3,950.55, was the biggest Nifty gainer. Dr. Reddy’s, Britannia, Sun Pharma, and Tata Consumer Products were also among the winners.

1,439 equities on the BSE were rising while 902 were falling, contributing to a positive total market breadth.

One of the top gainers on the 30-share BSE index was Sun Pharma, followed by Dr. Reddy’s, Titan, UltraTech Cement, Hindustan Unilever, Maruti, HDFC, Bajaj Finserv, IndusInd Bank, PowerGrid, Nestle India, and Reliance Industries.

Those trading in the red were Axis Bank, Tech Mahindra, Tata Steel, TCS, SBI, Infosys, HCL Tech, M&M, and Wipro.

The largest domestic financial investor and insurer in the nation, Life Insurance Corporation of India (LIC), saw a 0.14 percent decline in share price to trade at Rs 718.

The Sensex had dropped 372 points, or 0.69 percent, to finish the trading day at 53,514 while the Nifty had dropped 92 points, or 0.57 percent, to finish the day at 15,967.