Sensex jumps over 150 points in opening trade; Nifty tests 15,700-mark

Sensex is the stock’s benchmark jumped by as much as 150 points on Thursday, reflecting the heavy hitters of ICICI Bank, ITC, and SBI in the middle steady inflow of foreign funds, and the mixed cues from the global markets.

After a jump of nearly 180 points, the 30-share BSE index was flat at the start of the session and was trading 20.04 points, or 0.04 percent, higher than the 120.09 pre-trade level. Similarly, the broader NSE Nifty index 29.20 points, or 0.19 percent, to 15,699. 45 points.

Bbc radio was the top gainer of the Sensex yüksələrək package of more than 1 percent; followed by in, followed by L&T, NTPC, ONGC, ITC, SBI, Bajaj Auto, and ICICI Bank.

On the other hand, Bajaj Finserv, HDFC, Asian Paints, and Dr. Reddy’s was the weak one.

In the previous session, the Sensex, index fell, 132.38 points, or 0.25%, to 52,100. 05 points, while the NSE Nifty fell 20.10 points, or 0.13 percent, to 15,670. 25 points.

Foreign institutional investors (FII) are net buyers in the capital markets, as they purchased shares, with a value of 1,499. 37 crore on Friday, according to the preliminary data, primarily from the stock market.

“The news is positive for the markets. As the number of U.S. jobs turned out to be lower than expected, the Fed is likely to continue with its accommodative stance, but some of the signs of skin tone, and sensitive skin. Therefore, the US 10-year bond yields are likely to remain stable to negative bias until Thursday, when the rate of inflation in the united states, the data are released, ” said V. K. Vijayakumar, chief investment strategist at Geojit Financial Services.

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The FII is very much back this month with a net percentage of purchases worth Rs 7,967 crore on the 4th of June, ” he said, adding that, in the frantic rush to the retail participation is to provide resistance to the markets.

VAT fees May 1.02 lakh crore, is the unexpected, for the month of May, had been subdued economic activity.

“This is a reflection of profound insight, strength, and growth in the economy,” he said.

In addition, the level of economic activity is likely to pick up wins, as the majority of the state is gradually opening up for a decline in the number of new COVID cases, Vijayakumar said.

In the other direction, the Asian stock markets in Shanghai and Hong Kong were in the red by mid-session, while Tokyo, and Seoul is trading higher.

The international oil benchmark, Brent crude was trading 0.58% lower at $ 71.47 a barrel.