Share Market Opening Bell! Sensex, Nifty open on a positive note; metals lead the surge - Titan up 8%

The Indian market started Thursday’s session in the green amid positive global cues, as Sensex gained around almost 450 points, while Nifty above 17800 levels. The strength in the market is mainly seen from the banking and financial stocks along with metals. 

The BSE Sensex jumped by around 443 points or 0.8 per cent to 59632.81, while Nifty surged over 140 points or 0.75 per cent to 17,810 on Thursday. While in the broader markets, mid-cap Index soared by over 325 points or 1 per cent to 31053.7 levels today at the market open.    

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Of 50 scrips on Nifty50, 46 advanced, 04 declined minutes after the market open today. Tata Group company shares Titan company and Tata Motors surged most in the early morning trade by around 8 and 3 per cent, followed by IndusInd Bank, Eicher Motor and ICICI Bank up over 1 per cent.

In an otherwise strong market, ONGC declined most on the back of profit booking, down around 2 per cent, followed by slipping marginally Divis Lab, Britannia and IOC.

All Nifty indices are in the green in the early morning trade on Thursday, with Nifty Auto gaining most by over 2 per cent, led by Tata Motors and Eicher Motor. Besides, other indices such as IT, banking, financials and pharma too aided the market most to surge minutes after the open today.

On the global front, the US markets bounced back from days' low on Wednesday as Dow Jones ended higher by 100 points, while Nasdaq saw swings of over 250 points before closing higher by 68 points.

Similarly, Asian markets on Thursday opened in the green led by the Japanese ‘Nikkei' which was up over 300 points in early trade as most Asian markets had oversold and due for a sharp comeback.

Meanwhile, Foreign Institutional Investors (FIIs) on Wednesday sold shares worth Rs 802.81 crore in cash market and Rs 998.69 crore in index futures.