Indian stocks open on positive note

Dubai - The markets did start slipping and Sensex was at 29,753.19 points and Nifty 50 at 8,644.30 attributing the decline to lower participation by the traders and investors.

The Indian stocks displayed a bullish opening as Indian equity indices surged on Thursday morning with the BSE Sensex gaining over 1,500 points and Nifty50 by 403.70 points.

At 10.22 a.m., Sensex was trading at 30,093.75, higher by 1,557.97, or 5.46 per cent from the previous close of 28,535.78. It had opened at 29,073.71 and has so far touched an intra-day high or 30,099.91 and a low of 28,566.34. The Nifty50 was trading at 8,721.55, higher by 403.70 points or 4.85 per cent from the previous close.
On the Sensex, IndusInd Bank, Axis Bank and Bajaj Auto were the top gainers while NTPC, ITC and Maruti Suzuki were the only stocks that fell so far.The rise in the market was in line with the gains in the Asian market. Healthy buying in finance and banking stocks also supported the domestic indices.
The markets did start slipping and Sensex was at 29,753.19 points and Nifty 50 8,644.30 up 3.92 per cent or 326.45, attributing the decline to lower participation by the traders and investors. The stocks did display a good opening on Thursday over Wednesday's record one-day surge that lifted Sensex 1,862 points, or 6.98 per cent, to 28,536 and Nifty 517 points, or 6.62 per cent, to 8,317.
Indian Rupee on Thursday morning was at 75.31 against US dollar. - business@khaleejtimes.com