Sensex, Nifty gain 1% in opening trade; auto stocks shine

Domestic equity benchmarks started off a fresh day on positive note as the headline indices gained nearly 1 per cent in the early morning trade. The S&P BSE Sensex opened at 57,365.85, while the Nifty50 started Thursday on 17,104.40. The two indices gained over 600 points and 150 points, respectively, soon after the market open.

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The 12-share Nifty Bank was also up over 1 per cent or 400 points to 36,129 in the opening trade

Meanwhile, IndusInd Bank, Tech Mahindra, Ultratech Cement, HDFC, NTPC and Maruti led the Nifty50 as all 50 shares advanced in the index.

In the pre-open, Sensex opened with 300 points gain to 57,365.85 as the 30-share Sensex saw 28 shares advancing and 2 declining.

Meanwhile, global cues remained mixed for Wednesday's trade as majority of important Asian indices opened in the green, while major Wall Street indices closed in the red. Japanese Nikkei was trading 0.78% to 28,040, Hang Seng Index at Hong Kong Exchange was up 288 points or 1.24% to 23,767 and Shanghai Composite was trading flat at 3558 around 7.40 am on Wednesday. On Tuesday, Dow Jones slumped 1.86% or 652 points to 34,483, Nasdaq Composite ended lower by 245 points to 15,537 and S&P 500 settled for 4567 after shedding 88 points or 1.90%.