Benchmark Sensex equities rallied more than 450 points in early trading Thursday on the back of gains in the index heavyweight duo HDFC, Reliance Industries and ICICI Bank amid positive signals from US equities. .
The 30-share index was trading 466.26 points or 1.22 percent higher at 38,534.19, and the NSE Nifty was up 128.45 points or 1.14 percent at 11,376.
IndusInd Bank was the top winner in the Sensex package, with an increase of around 4 percent, followed by Bajaj Auto, Bajaj Finance, Axis Bank, SBI, Bajaj Finserv, ICICI Bank, HDFC twins and Reliance Industries.
On the other hand, ONGC, Titan and Nestlé India were the laggards.
In the previous session, Sensex closed 94.71 points or 0.25 percent higher at 38,067.93, while the NSE Nifty rose 25.15 points or 0.22 percent to 11,247.55.
Exchange data showed that foreign institutional investors sold shares worth 712.48 million rupees on Wednesday.
According to traders, domestic stocks opened on a strong note following positive signals from US stocks amid weak trading activity in other Asian markets.
Stock exchanges in Japan halted trading after the Tokyo Stock Exchange witnessed a technical failure earlier in the day.
Exchanges in Shanghai, Hong Kong and Seoul were closed for the holidays.
Wall Street indices finished on a positive note in the evening session.
Brent crude oil’s international benchmark was trading 0.02 percent lower at $ 42.29 a barrel.
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