Mumbai, May 14: The Indian stock market opened on a positive note during Thursday’s trading session. At 9:20 AM, the Sensex rose by 354 points, or 0.48%, reaching 74,963, while the Nifty gained 146 points, or 0.66%, to settle at 23,554.
In the early trading hours, the market was led by gains in the pharma, healthcare, and metal sectors. The Nifty Pharma, Nifty Healthcare, and Nifty Metal indices emerged as the top gainers. Nearly all indices, including Nifty Energy, Nifty India Defense, Nifty PSU, Nifty Commodities, Nifty Infra, Nifty PSU Bank, and Nifty Oil and Gas, were in the green.
Large-cap stocks were witnessing an uptrend, along with mid-cap and small-cap stocks. The Nifty Midcap 100 index climbed by 395 points, or 0.66%, to reach 60,560, while the Nifty Smallcap 100 index increased by 89 points, or 0.50%, to stand at 18,083.
Among the gainers in the Sensex pack were Adani Ports, Trent, Asian Paints, NTPC, Sun Pharma, Tata Steel, ICICI Bank, Bharti Airtel, ITC, L&T, Power Grid, UltraTech Cement, Mahindra & Mahindra, SBI, HDFC Bank, BEL, Bajaj Finance, HUL, Kotak Mahindra Bank, and Maruti Suzuki. In contrast, HCL Tech, Infosys, TCS, and Tech Mahindra were among the losers.
Most Asian markets opened higher, with Tokyo, Hong Kong, Bangkok, and Seoul in the green, while Shanghai was in the red. The situation was similar in the U.S. markets, where the Dow Jones closed down by 0.14% on Wednesday, while the Nasdaq rose by 1.20%.
Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth ₹4,703.15 crore on Wednesday. Meanwhile, Domestic Institutional Investors (DIIs) invested ₹5,869.05 crore in equities.
Crude oil prices continued to rise, with WTI crude up by 0.46% at $101 per barrel, and Brent crude increasing by 0.37% to $106 per ounce.
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