New Delhi: Markets opened higher following a positive trend in global markets with the Sensex and Nifty quoting at 2-month high on Thursday.
Minutes into trading, the BSE Sensex jumped 292.32 points or 0.82 percent to 36,009.27. At the National Stock Exchange (NSE), the broader 51-scrip Nifty climbed 70.85 points or 0.66 percent to 10,799.70.
Major gainers were Vedanta, RIL, Tata Steel, ITC, PowerGrid, IndusInd Bank, Bajaj Auto, Tata Motors, SBI, HUL and ICICI Bank, rising up to 3.81 percent.
While, Yes Bank fell 4.55 percent, ONGC 1.89 percent, Coal India 1.27 percent, TCS 0.93 percent and Infosys 0.35 percent.
Metal, FMCG, power, banking, auto, consumer durables, healthcare, capital goods, realty, oil and gas and PSU sector stocks were leading the market rally.
The rupee also jumped at 3-month high by gaining 58 paise to trade at 70.05 against the dollar in early trade Thursday at the Interbank Foreign Exchange amid sustained selling of the greenback by exporters and banks.
India`s benchmark indices on Wednesday, had gained on the back of healthy buying in IT stocks. The sentiment was also boosted by an appreciating rupee and healthy foreign fund inflows.
Asian stocks rose on Thursday tracking a Wall Street rally. MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent. Australian stocks gained 0.8 percent and Japan`s Nikkei climbed 0.9 percent, Reuters said.
However, while a robust Wall Street buoyed Asian shares, gains in the region were nonetheless limited ahead of a meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping due to take place on the sidelines of the G20 summit.
The Dow rallied 2.5 percent and Nasdaq surged nearly 3 percent on Wednesday as Powell`s comments eased concerns of a faster pace of rate hikes in 2019.
With Agency Inputs
