Stock markets: Equity benchmark indices climbed in early trade on Thursday amid positive global cues. The 30-share BSE Sensex advanced 342.48 points to 73,338.79 in early trade, extending its previous day’s gain. The Nifty climbed 96.25 points to 22,219.90.
This positive trajectory set a promising tone for investors and traders alike as they entered the trading session. Among the Nifty companies, the market witnessed 35 advances and 15 declines, indicating a mixed but predominantly positive sentiment prevailing in the early hours of trading.
Notable gainers among the Nifty companies included Bajaj Finance, Dr Reddy’s, Power Grid, Bajaj Finserv, and SBI, while Apollo Hospital, Bajaj Auto, Britannia, Maruti, and Eicher Motors faced some losses. The daily chart of Nifty 50 revealed a small positive candle, signalling potential upward momentum amidst range-bound movements.
Rupee against dollar
The rupee turned flat at 83.33 against the US dollar in early trade on Thursday amid a strong American currency and higher crude oil prices. Forex traders said the positive equity markets and inflow of foreign funds resisted the fall in the Indian currency.
At the interbank foreign exchange, the rupee opened at 83.32 and lost further to trade at the previous closing level of 83.33 against the greenback in initial deals.
(With inputs from agencies)
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