Mumbai:
Indian stock markets opened in the green on Thursday due to strength in global markets. All round growth is seen in the market. At 9:40 am, the BSE Sensex was up 482 points or 0.65 percent at 74,864 and the NSE Nifty was up 120 points or 0.53 percent at 22,741.
Sensex touched the level of 75,078 points and Nifty touched the level of 22,799 points in the opening trade. Shares of small and medium companies are also witnessing strong growth. The Nifty Midcap 100 index rose 970 points or 1.89 percent to 52,196 points and the Nifty Smallcap 100 index rose 426 points or 2.62 percent to 16,715 points.
Shares of NTPC, SBI, Powergrid, Tech Mahindra, Tata Steel, HCL Tech and Infosys were the top gainers. At the same time, Hindustan Unilever, Nestlé, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the top decliners.
In Asia, the markets of Tokyo, Hong Kong, Seoul and Jakarta are doing business with a boom. However, the markets of Bangkok and Shanghai are showing decline. American markets closed higher on Wednesday. Crude oil benchmark Brent crude remained at $78 per barrel and American WTI crude at $74 per barrel.
Market insiders say that after three days of volatility, the market has now returned to normal. There has been an increase due to the possibility of a reduction in interest rates in America. Markets are normal due to the current political stability, but economic reforms may slow down due to the coalition government, which will impact corporates’ earnings.