Sensex gains nearly 100 points, Nifty50 above 10,600 amid firm global cues

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Sensex gains nearly 100 points, Nifty50 above 10,600 amid firm global cues.....

NEW DELHI: 

Domestic equity benchmarks opened in the positive territory on Thursday, with the 30-share Sensex jumping over 100 points and Nifty touching the level of 10,626 amid steady Asian cues, easing crude oil prices and strengthening rupee against the dollar. 

Asian shares advanced whereas the US dollar fell on a spell of buying in global stocks. Crude oil slipped further on concerns of a supply glut in the market, however, the expectation of a cut in production by Opec group checked the fall in crude prices.

Rupee's rise, too, influenced the sentiment. The rupee scaled its fresh 11-week high on Thursday following selling in greenback by exporters and softening crude oil prices. 

BSE Sensex was 72 points, or 0.21 percent, up at 35,272, while the Nifty was 13 points, or 0.12 percent up at 10,613 around 9:25 am. 

BSE Midcap and smallcap were trading 0.19 percent and 0.34 percent up, respectively, at that time. 

TCS, ONGC, YES Bank, Wipro, and Vedanta climbed over 1 percent in early deals. Bharti Airtel, Axis Bank, State Bank of India, PowerGrid, Hero MotoCorp, and Mahindra & Mahindra were among the top losers in the Sensex index. 

On the other hand, BSE IT index was trading as the top gainer among the sectoral indices. IT stocks Tech Mahindra, Mindtree, HCL Tech, TCS, Wipro and Infosys were trading with gains even as rupee strengthened against the US dollar. 

Shares of YES Bank climbed 2 percent after reports that the board meeting of the bank will now take place on December 13 to discuss among other things the appointment of chairman, chief executive, and independent director. 

Shares of IL&FS Transportation Networks climbed 1 percent even as the company said it did not pay interest due payable on November 21, on the NCDs due to insufficient funds. 

Adani Gas, Birla Cable, Coastal Corporation, Dolat Investments, and Gromo Trade & Consultancy featured among stocks that hit 52-week highs on BSE. 

Shares of Citadel Realty (up 16.26 percent), Mangalam Timber (up 13.54 percent), Rollatainers (up 12.99 percent), Agri-Tech (India) (up 12.45 percent) and Adani Gas (up 12.22 percent) surged over 12 percent on BSE in early trade. 

YES, Bank (number of shares traded: 0.75 crores), Idea Cellular (0.67 crores), Reliance Communications (0.48 crore), Adani Gas (0.44 crore) and JP Associates (0.42 crore) featured among the most traded stocks on NSE. 

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