Sensex Rises 100 Points, Nifty Steady at 25,500; IT, Eternal Lead Gains
Indian benchmark indices opened in positive territory on Thursday, lifted by fresh buying in IT counters and supportive global trends.
The BSE Sensex started the day 143 points higher at 82,419 and soon climbed to an intraday high of 82,579. It was later trading with gains of around 200 points near 82,440. The Nifty 50 also moved up 52 points to 25,533, comfortably holding above the 25,500 level.
IT Stocks Rebound
The rally was led by information technology shares, which saw renewed investor interest after recent weakness. Tech Mahindra, Infosys, HCL Technologies and Tata Consultancy Services rose between 1 and 2 per cent each.
Among other gainers, Bharat Electronics, Maruti Suzuki and Trent traded in positive territory.
In the broader market, the BSE MidCap and BSE SmallCap indices gained about 0.3 per cent each. The BSE IT index outperformed, advancing 1.4 per cent.
Positive Global Backdrop
Asian markets tracked overnight gains on Wall Street. Japan’s Nikkei 225 surged 1.1 per cent to scale a fresh record high, supported by strength in technology stocks, adding to the upbeat mood across regional equities.
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