Equity benchmark indices climbed in early trade on Thursday, thanks to a robust Asian markets trend, with gains in index heavyweights driving the rally.
The 30-share BSE Sensex soared 388.52 points, or 0.52 percent to 74,609.58. The NSE Nifty jumped 106.80 points, or 0.47 percent to 22,704.60.
IRFC, Bank Of Baroda, Bharat Electronics, Canara Bank, RECL, L&T, Axis Bank, PNB, ONGC, Power Finance Corp, and Bharti Airtel were the top gainers.
Among the laggards were Sun Pharmaceutical, Power Grid Corp, Vedanta, LIC, JSW Steel, Jindal Steel &Power, and Hindalco.
In Asian markets, Singapore, Tokyo, South Korea, Thailand, Malaysia, Indonesia, and Taiwan were trading higher, while Shanghai and Hong Kong were trading lower.
US markets closed lower on Wednesday.
Brent crude lost 0.40 percent to USD 81.57 per barrel.
According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 686.04 crore on Wednesday.
The foreign exchange market will be closed on Thursday to observe ‘Buddha Purnima’.
On Wednesday, the Sensex moved 267.75 points, or 0.36 percent to 74,086.15, while Nifty the Nifty inched up 68.75 points, or 0.31 percent to 22,562.05.
Also read: Markets End Higher, Sensex Gains 267 Points
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