Sensex jumps over 400 points to reclaim 50,000-mark; Nifty above 14,900

NEW DELHI: Equity indices jumped higher for the third straight session on Thursday with the benchmark BSE sensex rising over 400 points in opening trade.
The 30-share BSE index was trading 416 points or 0.8 per cent higher at 50,072. While the broader NSE Nifty was up 122 points or 0.83 per cent at 14,942.
Top gainers in the sensex pack included Tech Mahindra, Titan, TCS, Bajaj Finserv, HDFC and Infosys with their shares rising as much as 2.79 per cent.
While Reliance and Bajaj Auto were the only stocks trading in red.
On the NSE platform, all sub-indices were trading in green with Nifty IT, Metal and Auto gaining up to 1.63 per cent.
“Domestic equities look to be modestly good now. Market has once again defied concerns of rising Covid-19 cases in the country after favourable outcome from RBI’s policy meeting and assurance of no nationwide lockdown by government,” said Binod Modi, head-strategy at Reliance Securities.
However, local level mobility restrictions due to continued surge in new coronavirus cases in various parts of the country are expected to keep markets volatile in the near term, he noted.
US equities mostly ended with marginal gains after the release of minutes of the Federal Open Market Committee (FOMC) meeting.
Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul were trading on a positive note in mid-session deals, while Tokyo was in the red.
In the previous session, sensex jumped 460.37 points or 0.94 per cent to finish at 49,661.76, and Nifty advanced 135.55 points or 0.92 per cent to 14,819.05.
Meanwhile, foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 227.42 crore on Wednesday, as per exchange data.
(With inputs from agencies)

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