Indian stocks open Thursday's trade with sizable gains, Sensex up nearly 300 pts

After yet another sharply volatile trade during the previous session, Indian stocks opened Thursday's trade with sizable gains. Indian stock markets have been buoyant for past over one month due to various factors including a fresh infusion of investments by foreign portfolio investors in Indian markets coupled with the latest softening of the inflation rate. At 9.18 a.m., Sensex traded at 59,380.92 points, up 295.49 points or 0.50 per cent, whereas Nifty traded at 17,684.25 points, up 79.30 points or 0.45 per cent. Among the Nifty 50 stocks, 43 traded on a positive note with rest 7 in the red, National Stock Exchange data showed. Top performing stocks this morning were Bharti Airtel, SBI Life, Tata Steel, Tata Motors, and UPL, trading in a range of 0.9-1.6 per cent. Since July, foreign portfolio investors infused over Rs 50,000 crore worth of equities in India, National Securities Depository data showed.