Mumbai, India (BBN) – Domestic indices were trading higher amid optimism over Indian Meteorological Department’s prediction of a ‘normal’ monsoon this calendar and a positive trend in global markets.
At 11.05 a.m., the BSE Sensex was trading higher by 102.06 points 0.34 per cent at 30,350.23. The index hit a record high of 30,366.43, breaking its previous record of 30,271.60 points (intra-day) touched in yesterday’s trade, reports BusinessLine
The Nifty50 was trading up by 38.5 points or 0.41 per cent at 9,445.80. The index hit a life-time high of 9,450.65. The gauge had touched an intra-day high of 9,414.75 in yesterday’s trade.
Barring power and capital goods, all other BSE sectoral indices were trading in the green. Among them, realty index was the star-performer and was up 1.15 per cent, followed by metal 1.01 per cent, auto 0.78 per cent and consumer durables 0.66 per cent. On the other hand, power index was down 0.6 per cent and capital goods 0.11 per cent.
Top five Sensex gainers were Bajaj Auto (+1.94%), Hero MotoCorp (+1.73%), ITC (+1.62%), Asian Paints (+1.00%) and Axis Bank (+0.98%), while the major losers were Bharti Airtel (-1.61%), GAIL (-0.92%), HUL (-0.74%), Dr Reddy’s (-0.72%) and Power Grid (-0.48%).
Asian stocks rose early on Thursday, getting a lift from a record high close on MSCI’s global stocks benchmark after strong gains in oil prices buoyed energy stocks globally.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent early on Thursday, while Japan’s Nikkei advanced 0.2 per cent.