Sensex, Nifty open in green after scaling 30,000 mark for first time

Among the major gainers in Sensex, Tata Motors scaled up at 456.80 points or 1.33% followed by Adani Ports, Hero Motors and Hindustan Liver which went up by 328.30 points, 3335.85 points and 948.00 points respectively.

New Delhi, April 27: Owing to positive domestic and global cues, market barometer Sensex opened in green at 30,141.39 points or 0.03% on Thursday while the broader Nifty also continued its rally, scaling up by 9,359.15 points or 0.08% in early trade. The Indian stock markets on Wednesday extended their record run with Sensex rising over 200 points to hit an all-time high of 30,146.54 and Nifty moving above 9,350 levels amid a global rally.

Among the major gainers in Sensex,  Tata Motors scaled up at 456.80 points or 1.33% followed by Adani Ports, Hero Motors and Hindustan Liver which went up by 328.30 points, 3335.85 points and 948.00 points respectively. Similar results were seen in National Stock Exchange’s Nifty with the top performers; Tata Motors which was up by 457.20 points and Adani Ports which scaled up by 327.65 points.

The strong opening on Wednesday was backed by index heavyweights ITC, HDFC, ICICI Bank and HDFC Bank. The Nifty on the NSE too closed up 42 points at 9,352, also an all-time high. Asian stocks extended gains for a fifth straight day on Wednesday as Wall Street hit new peaks. A strong finish to US markets was the main driver, NDTV profit reported. On  Wednesday, Dow Jones was down by 0.10% and Nasdaq was flat whereas on Thursday the SGX Nifty is trading down by 7.0 points at 9339.

On Wednesday, BSE chief executive Ashish Chauhan appealed to investors to invest only in good companies or opt for the mutual funds’ route to invest in the markets. After celebrating the milestone at the Dalal Street towards the end of the trading hours, Chauhan said, “As an exchange, we advise investors not to be carried by the 30,000 points euphoria. We would also advise investors not to invest in penny stocks and don’t fall prey to fly-by- night operators”.

Chauhan further added saying that while the world markets have moved up rapidly in past few days, the Indian markets have been halting in between but have picked up steam and remained better-performing market. “The rupee has also performed better and both foreign as well as local institutions had a great time”, he was quoted saying by PTI. Sensex has outperformed emerging markets with over 13% gains this year.