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Indian markets witnessed buying sentiment on Thursday tracking positive global cues as investors focus on U.S. President Joe Biden’s infrastructure plan. Also, losses were seen in treasuries which played in the upward movement in stocks. At the domestic front, consumer durables, capital goods and auto stocks outperformed.
At around 09.46 am, Sensex was trading at 49,788.47 up by 279.32 points or 0.56%. Meanwhile, Nifty 50 was performing at 14,775.80 higher by 85.10 points or 0.58%.
In the opening session, Sensex has touched an intraday high of 49,942.84 and Nifty 50 the day’s high of 14,814.65.
Gainers on Sensex were – HCL Tech soaring by 3% followed by Titan, Bajaj Auto, NTPC and IndusInd Bank surging nearly 2% each. Other major stocks such as Infosys and Maruti Suzuki advanced more than 1% as well.
However, Nestle, HDFC Bank and Power Grid were top underperformers on Sensex plunging marginally.
Auto and metal stocks are in focus as companies will announce March sales and production data starting today.
On the Asian front, Hong Kong and Japan shares outperformed, while modest gains were also seen in other counterparts.
Hang Seng surged 321 points, while Nikkei 225 advanced by 204 points. Moreover, Australia ASX All Ordinaries and South Korea’s KOSPI surged by 0.4% and 0.6% respectively. China’s Shanghai Composite was marginally up.
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