Photo: The Hindu Business line
Chennai, India (BBN) - The Sensex and Nifty were trading marginally higher owing to sustained DII buying amid lack of directional cues from global markets.
At 11.45 a.m., the 30-share BSE index Sensex was up 61.58 points or 0.18 at 33,623.13 and the 50-share NSE index Nifty was up 23.3 points or 0.23 per cent at 10,365.60, reports The Hindu Business Line.
Among BSE sectoral indices, IT index gained 1.33 per cent, followed by TECk 1.22 per cent, capital goods 0.82 per cent and oil & gas 0.62 per cent. On the other hand, consumer durables index was down 0.26 per cent and banking 0.04 per cent.
Top five Sensex gainers were Infosys (+2.44%), Bharti Airtel (+1.32%), Sun Pharma (+1.22%), Reliance (+1.00%) and ONGC (+0.61%), while the major losers were Dr Reddy's (-1.7%), Adani Ports (-1.58%), Asian Paints (-0.79%), Bajaj Auto (-0.49%) and Kotak Bank (-0.32%).
Moves in Asian share markets were minor with Japanese markets closed for a holiday and the United States off for Thanksgiving.
MSCI's broadest index of Asia-Pacific shares outside Japan eked out a fresh 10-year peak with a rise of 0.15 per cent, as did Hong Kong's main index.
US oil prices remained near two-year highs on Thursday as the shutdown of the Keystone pipeline and a drawdown in fuel inventories pointed to a tightening market, despite rising output.
WTI crude futures were at $57.95 a barrel at 0143 GMT, down 7 cents from their last settlement, but still close to 2015-highs of $58.15 a barrel reached the previous day. Brent crude futures were at $63.19 per barrel, 13 cents below their last close.
The dollar touched a two-month low against the yen on Thursday, having tumbled after the minutes of the Federal Reserve's latest meeting showed some policymakers were concerned about persistently low inflation in a blow to rate hawks.
The dollar eased to as low as 111.07 yen in holiday-thinned Asian trade, its weakest level since September 18, and last fetched 111.22 yen, little changed from late US trade on Wednesday.
Gold prices nudged lower early Thursday, after gaining nearly one per cent in the previous session on weaker US economic data and concerns by some Federal Reserve policymakers about lower inflation.Spot gold was down 0.1 per cent at $1,290.74 per ounce by 0109 GMT.
BBN/MMI/ANS