Mumbai, October 11: Key Indian equity indices-BSE Sensex and NSE Nifty started on a strong note on Thursday amid global cues. BSE Sensex was up by over 83 points or 0.26% at 31,917.72 while the wider Nifty was up by over 31 points or 0.31% at 10,015.95. In the pre-opening session on Thursday, Sensex was up over 100 points while Nifty was above 9950. The major gainers of BSE Sensex during early morning trade on Thursday were SunPharma, Lupin, NTPC and Reliance while the firms that faced losses were Asain Paint, Tata Motors, Coal India and ICICI Bank. The Indian rupee opened flat at 65.13 per dollar on Thursday versus previous close 65.14.
At 3.35 PM: Key domestic indices- BSE Sensex and NSE Nifty posted strong gains in the afternoon session. BSE Sensex gained over 348 points or 1.09% at 32,182.22 while the wider Nifty was up by over 111 points or 1.12% at 10,096.40. The top gainers on Thursday were Reliance, Sun Pharma, Hindalco and Bharti Infratel while stocks of Bharti Airtel and Infosys slipped during afternoon trade. The buying activity was strong ahead of IIP and inflation data due later in the day as domestic investors showed faith in stocks amid a firming trend overseas.
At 2.30 PM: Sensex zooms over 221 points or 0.67% at 32,055 while the wider Nifty was up by over 69 points or 0.70% at 10,054.25.
At 1.30 PM: Sensex was up by over 103 points or 0.33% at 31,937.87 while the wider Nifty was up by over 40 points or 0.40% at 10,025.20. Besides, heavy selling pressure in metal, banking and automobile stocks, along with outflow of foreign funds, kept investors’ sentiments subdued.
At 12.30 PM: Sensex was up by over 135 points or 0.43% at 31,969.81 while the wider Nifty was up by over 49 points or 0.49% at 10,033.80.
At 11.30 AM: Sensex zooms over 102 points or 0.32% at 31,936.31 while the wider Nifty was up by over 37 points or 0.37% at 10,022.05.
At 10.30 AM: Sensex was up by over 99 points or 0.31% at 31,933.23 while the wider Nifty was up by 33 points or 0.33% at 10,018.10. The September quarter earnings season is expected to be subdued due to the impact of the Goods and Services Tax (GST). Stocks of Indiabulls Real Estate Ltd surged 6.3% to Rs 228.95 after the firm announced that it will buy Singapore listed IPIT’s unit at S$0.90 each.
The quarterly results are kicking off today, beginning with Tata Consultancy Services (TCS). The IT major is expected to post revenue growth of 1.6 per cent in dollar terms and 0.7 per cent sequentially in constant currency terms, Economic Times reported. On Wednesday, both the key indices failed to hold on to their previous highs where the BSE Sensex settled with losses and the NSE Nifty cracked below 10,000 as investors picked profit ahead of the earnings season. With this, Sensex ended lower by 90.42 points, or 0.28 per cent, at 31,833.99, with profit-booking posing an overhang in the later part of the session while Nifty closed lower by 32.15 points, or 0.32 per cent, at 9,984.80.