Today Sensex Gains over 100 points And Nifty50 nears 7,750
The S&P BSE Sensex surged over 100 points in early morning trade on Thursday tracking skittish trends in other Asian markets. The gains on the index were led by Sun Pharma, HDFC, HDFC Bank and Tata Motors.
The 50-share NSE barometer Nifty50 also traded near its crucial support level of 7,750 supported by gains in pharma, banking, FMCG and IT stocks.
The Sensex gained 104 points to trade at 25,205.75 while the 50-share NSE Nifty50 traded at 7731.30, up 24 points.
The top gainer on the Sensex were: Sun Pharma (2.4%), Tata Motors (1.5%), HDFC (1.1%), Lupin (0.8%), ICICI Bank (0.7%).
The top losers on the index were: Adani Ports (2.7%), Tata Steel (0.9%), M&M (0.6%), Asian Paints (0.3%), Wipro (0.1%).
The broader market underperformed the benchmark indexes with the BSE midcap index losing 0.08 per cent and BSE smallcap index gaining 0.10 per cent.
The rupee fell 5 paise to 66.60 against the US dollar in trade on Thursday. Many experts believe that the upside is capped for the domestic currency in the near term.
The rupee had ended lower 13 paise lower at 66.55 on Wednesday amid fresh dollar demand from banks and importers.