The Indian equity benchmark indices opened higher on Thursday led by gains in banks and IT stocks amid mixed global cues.
At 9:15 am, the Sensex opened 0.40 percent, or 208.49 points higher at 52,514.57, while the Nifty50 index opened at 15,737.30, up 50.35 points, or 0.32 percent.
Broader markets supported the gains as the Nifty Smallcap100 and Nifty Midcap100 indices opened higher.
Barring Nifty Auto, all other sectoral indices were in the green with IT, PSU banks, metal and realty sectors gaining the most.
TCS, Infosys, Wipro, L&T and Tech Mahindra were the Nifty50 top gainers, while PowerGrid Corporation, NTPC, Cipla, Eicher Motors and Bajaj Auto were the top losers.
The share price of Godawari Power and Ispat rallied over 4 percent after the government accorded its environment clearance for enhancement of iron ore production capacity from 1.405 MTPA to 2.35 MTPA in Ari Dongri Iron Ore Mines at Chhattisgarh, and for setting up of beneficiation plant of 0.6 MTPA capacity.
Globally, Asian shares marked time on Thursday, with China nudging lower, while the US dollar held below an 11-week high as investors reassessed US Federal Reserve statements on inflation and looked to upcoming data for direction, said a Reuters report.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent to 695.2 points, off a one-month trough of 685.12 touched earlier this week.