Sensex Rises Over 100 Points, Nifty Trades Above 18,250; PowerGrid, Tata Steel Among Top Gainers
NDTV
The Indian equity benchmarks on Thursday traded higher in opening deals led by gains in information technology and metal stocks.
New Delhi: The Indian equity benchmarks on Thursday traded higher in opening deals led by gains in information technology and metal stocks. Asian shares were mixed, while the dollar slipped as global investors assessed that strong U.S. inflation data was not worrying enough to change the Federal Reserve's already hawkish rates outlook. The U.S. consumer price index rose 7 per cent in the 12 months through December, the biggest annual increase in nearly 40 years.
Back home, as of 9:20 am, the 30-share BSE Sensex pack was up 106 points or 0.17 per cent at 61,256 and the broader NSE Nifty moved 40 points or 0.22 per cent higher to 18,252.
Mid- and small-cap shares were slightly positive as Nifty Midcap 100 index was up 0.10 per cent and small-cap shares were trading 0.11 per cent higher.
On the stock-specific front, PowerGrid was the top Nifty gainer as the stock soared 2.34 per cent to Rs 209.75. Tata Steel, Infosys, Tata Consultancy Services and Coal India were also among the gainers.
