Equity benchmark indices opened with firm gains on Thursday, tracking recovery in global markets
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Sensex Today: Equity benchmark indices opened with firm gains on Thursday, tracking recovery in global markets as US yields eased from record highs and crude oil cooled off to $86 per barrel. The BSE Sensex rose 350 points to 65,575, and the NSE Nifty50 gained 84 points to 19,520.
All Sensex stocks moved higher, barring Power Grid, Axis Bank and Bharti Airtel, which dipped up to 0.9 per cent. Among gainers, Asian Paints, Infosys, TCS, Tata Motors, Ultratech and L&T rose 1 per cent each.
On the Nifty, BPCL and Hero Moto led gains, while Divi’s Labs lost 0.9 per cent.
The broader markets outperformed benchmarks. The BSE MidCap and SmallCap indices rose up to 0.9 per cent.
All sectors were in green, led by Nifty Realty and Nifty PSU Bank indices that gained 1 per cent each.
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Among stocks, Marico slipped 3 per cent as its Q2 domestic volumes grew in low-single digits on a YoY basis. Rising food prices and below-normal rainfall impeded expected recovery in rural demand during the quarter, it said.
Global Cues
In the US, stocks closed higher aided by a pullback in treasury yields from multi-year highs after a survey showed 89,000 private jobs were added in Sept, way below the 160,000 estimate.
The Dow Jones gained 0.39 per cent, the S&P 500 added 0.81 per cent and the Nasdaq Composite gained 1.35 per cent.
Asian markets also ticked higher this morning with Nikkei, Hang Seng rising 0.9 and 0.3 per cent, respectively. Strait times and S&P/ASX 200 rose up to 0.5 per cent. Kospi was up 0.6 per cent.
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Brent Crude added losses, by falling 5 per cent to $86 a barrel due to weak gasoline demand in the US and bleak macroeconomic sentiment.
