Share Market Opening Bell! Sensex, Nifty open in green today; auto stocks lead the surge

Indian market started Thursday session in the green amid strong global cues. The BSE Sensex surged over 155 points or 0.3 per cent to 52638.5 levels, while Nifty grew by 33.5 points or 0.21 per cent to 15755-mark at the market open today.

In the broader markets, the mid-cap index gained around 70 points or 0.3 per cent to 26970.8, whereas Nifty Bank opened 94 points or 0.3 per cent higher to 34866 levels at open today.

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Of 50 scrips on Nifty50, 28 advanced, while 22 declined in the early morning trade. Auto stocks gained most in the early trade today on the back of monthly auto sales data, stocks such as M&M, Bajaj Auto, and Tata Motors grew between 1-2 per cent, while Hero Moto around one per cent.

On the other hand, IndusInd Bank fell most by near one and a half per cent in the early trade today, followed by Infosys and UltraTech Cement slipped around 0.8 per cent in the trade today.

All sectors opened in the green today, however, Banking and financial along with IT sectors fell minutes after the market open today. Nifty Realty stood strong at open today with 0.61 per cent followed by Nifty Metal and Pharma in the early morning trade.  

US market on Wednesday ended with gains as Dow Jones claimed over 200 points as banks led the gain with money booking profit in technology and buying financials. Asian markets opened in the red as markets consolidated the recent gains and US$ strength sees some ETF outflows in Asian markets.

Another important trigger to domestic markets, foreign institutional investors on Wednesday sold shares worth Rs 1646.66 crore in cash and bought Rs 1520.18 crore in the index futures.

The Nifty on Wednesday had a volatile session with banks leading the downside as the index saw intraday swings of over 131 points to end in the red down 27 points. Bank Nifty witnessed heavy swings of over 480 points before closing lower by 235 points.