Mumbai, November 9: After falling for the second session on Wednesday, Key Indian equity domestic indices- BSE Sensex and NSE Nifty opened on a positive note during early morning trade on Thursday. Sensex zoomed 188 points or 0.57% to 33,406 while the wider Nifty was up by over 59 points or 0.57% at 10,362.15. Among the heavyweights that are scheduled to report their quarterly earnings during the day are Tata Motors, HPCL, Tata Motors, HPCL, IGL, India Cements, Jindal Steel, NHPC, Bajaj Electricals among others. The Indian rupee opened flat at 64.94 per dollar on Thursday versus previous close 64.95.
At 3.30 PM: Markets ended flat on Thursday. Sensex traded in green and closed at 33,250.93 while the wider Nifty was marginally up at 10,308.95.
At 2.30 PM: Markets continued to trade in red during afternoon trade on Thursday. Sensex was down by over 18 points or 0.06% at 33,200.52 while the wider Nifty was down by over 11 points or 0.11% at 10,291.70. Among other Asian markets, Hong Kong’s Hang Seng was up 0.96 per cent, while Japan’s Nikkei rose 1.98 per cent in early trade. China’s Shanghai Composite Index was up 0.05 per cent.
At 1.30 PM: Markets traded in red during afternoon session. BSE Sensex was down by over 29 points or 0.09% at 33,188.94 while the wider Nifty was down by over 9 points or 0.10% at 10,293.35.
At 12 Noon: Sensex was marginally up by 4 points or 0.01% at 33,223.42 while the wider Nifty was up by over 8 points or 0.08% at 10,311.15. Brokers said that expectations that the GST (goods and services tax) Council might give some relief to some sectors by slashing the indirect tax rates at its meeting which begins today also supported the rebound.
At 10.30 AM: Sensex was up by over 116 points or 0.35% at 33,334.93 while the wider Nifty was up by over 46 points or 0.46% at 10,350.10 on value-buying by investors and optimism ahead of GST Council meeting. Reports state that buying by domestic institutional institutions (DIIs) and a firm trend on other Asian bourses, tracking overnight gains in the US markets, influenced trading sentiment.
On Wednesday, BSE Sensex shed 152 points today to end at an over one– week low of 33,218.81 on widespread selling in metal, oil and gas, telecom and realty sectors while the broader Nifty slumped 47 points, or 0.45 per cent, to close at 10,303.15 after shuttling between 10,384.25 and 10,285.50. Vinod Nair, Head of Research, Geojit Financial Services said that market shows signs of consolidation as investors took one step back from riskier assets due to rising oil price and the resultant impact on inflation and deficit.
Reports by PTI said that Bharti Airtel took the biggest blow in the Sensex kitty on Wednesday by slumping 3.73 per cent following reports of a Qatar-based entity offloading its entire holding in the company. The other laggards included Tata Motors, SBI, Lupin, ICICI Bank, RIL, Hero MotoCorp, NTPC, Dr Reddy’s, HDFC, ONGC, Adani Ports, Infosys, Kotak Bank, Wipro, Tata Steel and ITC, falling up to 2.35 per cent.