Stock Markets Opening Bell: Sensex up over 200 points, Nifty above 15,700; Infosys, ONGC among gainers, Baja Auto, NTPC top losers

Indian market starts Thursday’s session with minor gains, as Sensex opened above 52,500 and Nifty above 15,700, a day after closing negative amid profit booking ahead of derivative expiry. 

In the early morning trade, BSE Sensex jumped 208.49 points or 0.4 per cent to 52514.60 and Nifty grew by 50.30 points or 0.32 per cent to 15737.30 levels. 

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Similarly, other important indices such as Nifty Bank opened 113.70 points or 0.33 per cent higher to 34687.70 and the mid-cap index up by 42.50 points or 0.16 per cent to 26718.30 mark. 

Of 50 scrips on Nifty50, 24 advanced, 25 declined and one remains unchanged minutes after the market open today. Infosys surged most near one per cent at open amid the Buyback date announcement news, followed by ONGC, Adani Ports, L&T and HDFC all soared between 0.7-0.9 per cent at open. 

On the contrary, Baja Auto, NTPC, and Hero MotoCorp fell most by almost one per cent minutes after the market opened on Thursday. 

Except for Nifty Auto, all other sectoral indices were opened in the green, with Nifty IT taking the lead by 0.8 per cent, led by Infosys. While Nifty Metal and Nifty Bank surged second and third most respectively in sectoral gainers during the early morning trade today.  

On the global front, US stocks see mixed closed as Dow Jones falls 70 points in the last 15 minutes, while Nasdaq closed with gains at fresh new all-time highs. While Asian markets opened on a muted note as overnight the US markets closed flat. 

Similarly, another important trigger for the domestic market, Foreign Institutional Investors bought shares worth Rs 3156.53 crore in cash and Rs 1317.2 crore in index futures. 

The Nifty had a weak session one day prior to the derivative expiry of contracts as foreign investors booked profit and positioned for an expiry between 15,700-15,800.