Sensex climbs 100 points, Nifty50 above 9,050; Hero MotoCorp top gainer
NEW DELHI: Benchmark indices on Thursday kicked off the session on a positive note, tracking a halt in selloff in the US market, after it fell over 1 per cent in the previous on rising skepticism over Trump's tax reforms.
Terror attack in UK, which is said to have taken five lives and left at least 40 injured has limited impact on Asian financial markets.
At 12 noon, the BSE benchmark was trading 112.14 points or 0.38 per cent higher at 29,279.82.
Meanwhile, the NSE Nifty index was trading 40.30 points up at 9070.75.
In the Nifty 50 index, Eicher Motors (down -1.26 per cent), Bosch (down -0.81 per cent) , ITC (down -0.55 per cent) , Hind. Unilever (down -0.52 per cent) , TCS (down -0.24 per cent) , Ambuja Cements (down -0.19 per cent) , BHEL (down -0.12 per cent) , HDFC Bank (down -0.11 per cent) , UltraTech Cement (down -0.06 per cent) and Axis Bank (down -0.01 per cent) were trading in red.
On the other hand, Tata Motors (up 2.37 per cent) , BPCL (up 2.09 per cent) , GAIL (up 1.99 per cent) , Wipro (up 1.66 per cent) , NTPC (up 1.40 per cent) , YES Bank (up 1.33 per cent) , Larsen & Toubro (up 1.26 per cent) , Grasim Inds. (up 1.25 per cent) , Hero MotoCorp (up 1.22 per cent) were trading in green.
At 9.20 am, the BSE Sensex was trading 90 points, or 0.31 per cent, higher at 29,257. The index jumped over 100 points in opening trade. Hero MotoCorp rose 1.01 per cent to Rs 3,343.85. Axis Bank, L&T, ONGC and Tata Motors added up to 0.98 per cent.
The NSE barometer advanced 24.80 points, or 0.26 per cent, to 9,054.20. The index hit a high of 9076.35 so far.
Midcap and Smallcap indices rose up to half a per cent. US markets had on Wednesday settled almost flat.
Chandan Taparia, Derivatives & Technical Analyst at Motilal Oswal Securities expects that a move above 9,075 on a sustained basis may lift the index a move towards 9,119 and then 9,160. Supports are seen at 8,980 and 8,920, he said.
In UK an attacker drove a car along a pavement in Westminster, stabbed a policeman and was shot dead by police in the grounds of Parliamenton Wednesday, BBC reported. But Asian markets were unfazed.
Terror attack in UK, which is said to have taken five lives and left at least 40 injured has limited impact on Asian financial markets.
At 12 noon, the BSE benchmark was trading 112.14 points or 0.38 per cent higher at 29,279.82.
Meanwhile, the NSE Nifty index was trading 40.30 points up at 9070.75.
In the Nifty 50 index, Eicher Motors (down -1.26 per cent), Bosch (down -0.81 per cent) , ITC (down -0.55 per cent) , Hind. Unilever (down -0.52 per cent) , TCS (down -0.24 per cent) , Ambuja Cements (down -0.19 per cent) , BHEL (down -0.12 per cent) , HDFC Bank (down -0.11 per cent) , UltraTech Cement (down -0.06 per cent) and Axis Bank (down -0.01 per cent) were trading in red.
On the other hand, Tata Motors (up 2.37 per cent) , BPCL (up 2.09 per cent) , GAIL (up 1.99 per cent) , Wipro (up 1.66 per cent) , NTPC (up 1.40 per cent) , YES Bank (up 1.33 per cent) , Larsen & Toubro (up 1.26 per cent) , Grasim Inds. (up 1.25 per cent) , Hero MotoCorp (up 1.22 per cent) were trading in green.
At 9.20 am, the BSE Sensex was trading 90 points, or 0.31 per cent, higher at 29,257. The index jumped over 100 points in opening trade. Hero MotoCorp rose 1.01 per cent to Rs 3,343.85. Axis Bank, L&T, ONGC and Tata Motors added up to 0.98 per cent.
The NSE barometer advanced 24.80 points, or 0.26 per cent, to 9,054.20. The index hit a high of 9076.35 so far.
Midcap and Smallcap indices rose up to half a per cent. US markets had on Wednesday settled almost flat.
Chandan Taparia, Derivatives & Technical Analyst at Motilal Oswal Securities expects that a move above 9,075 on a sustained basis may lift the index a move towards 9,119 and then 9,160. Supports are seen at 8,980 and 8,920, he said.
In UK an attacker drove a car along a pavement in Westminster, stabbed a policeman and was shot dead by police in the grounds of Parliamenton Wednesday, BBC reported. But Asian markets were unfazed.
