Indian stock indexes were higher on Thursday, with auto stocks rising at the start of trading. The benchmark BSE Sensex was up 320 points, or 0.55%, at 58,317 as of 9:23am, while the broader NSE Nifty was up 97 points, or 0.56%, at 17,420.
Asian stocks were mostly higher, while bond yields continued to fall as investors weighed on the coronavirus outbreak in Russia and Ukraine. Fears of a super-hawkish movement to raise interest rates faded overnight after minutes from the latest policy meeting suggested central bankers were taking a more measured, data-driven approach.
Domestically, small and midcap stocks were positive, with the Nifty Midcap 100 up 0.33% and small caps up 0.35%.
In terms of specific stocks, Hero MotoCorp was Nifty’s best performer, up 2.36% to £2,852.70. Tata Motors, Indian Oil Corp, Eicher Motors and Grasim Industries were also winners.
On the other hand, Shree Cement, Axis Bank, SBI Life, Sun Pharma and Britannia Industries lag behind.
In BSE, the overall market breadth was positive, with 1,841 stocks advancing and 673 declining.
On the 30-stock BSE platform, Mahindra and Mahindra, NTPC, Titan, PowerGrid, HDFC and ITC were the biggest gainers, with their shares rising as much as 1.08%.
Complete News Source : NDTV
