Indian equity markets opened higher on Thursday, buoyed by renewed buying in beaten-down IT stocks and positive global cues.
The BSE Sensex rose 143 points at the open to 82,419 and soon extended gains to an intraday high of 82,579. It was later trading around 200 points higher near 82,440. The Nifty 50 also advanced 52 points to trade at 25,533, holding firmly above the 25,500 mark.
IT Stocks Lead the Charge
Information technology shares spearheaded the rally among Sensex constituents. Tech Mahindra, Infosys, HCL Technologies, and Tata Consultancy Services gained between 1 and 2 per cent each, reflecting renewed investor interest in the sector.
Other notable gainers included Bharat Electronics, Maruti Suzuki, and Trent.
In the broader markets, the BSE MidCap and BSE SmallCap indices edged up around 0.3 per cent each, while the BSE IT index outperformed with a 1.4 per cent rise.
Global Cues Support Sentiment
Asian markets traded higher, tracking overnight strength on Wall Street. Japan’s Nikkei 225 climbed 1.1 per cent to hit a fresh record high, led by technology stocks, reinforcing positive sentiment across the region.
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