The BSE Sensex spiralled up over 150 points in the opening trade on Thursday pushed by value-buying in select bluechip stocks, recovery in rupee and fall in global crude oil prices, but pared some gains on mixed Asian trend. The top gainers included Coal India and PowerGrid among others.
The 30-share BSE index opened the day by 164.46 points, or 0.43 per cent, to 38,182.77, but lost steam and was trading 48.46 points, or 0.13 per cent, higher at 38,066.87 at 9.40 am.
NSE Nifty: Nifty firmed up 5.20 points, or 0.05 per cent, at 11,482.15.
Postive trend in sectoral indices: Realty, metal, healthcare, consumer durables, PSU, FMCG and capital goods were trading were rising up to 1.39 per cent.
MAJOR LOSERS: Bharti Airtel, TCS, HDFC Bank, Axis Bank and HDFC were among the top losers, falling up to 0.64 per cent.
Domestic institutional investors: DIIs made purchases worth a net of Rs 176.95 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 383.67 crore Wednesday, as per provisional data.
Overseas: Most Asian shares were trading mixed, tracking higher closing in the US market overnight.
Shanghai Composite Index was up by 0.18 per cent, Hong Kong’s Hang Seng shed 0.49 per cent. Japan’s Nikkei too shed 0.23 per cent.
The US Dow Jones Industrial Average ended 0.09 per cent higher Wednesday.
In the last six sessions, the Sensex had lost 878.32 points as rupee nosedived to a record low of 71.97 (intra-day) amid US-China trade spat and concerns over rising global crude prices.
The rupee also regained from its record low by 9 paise to 71.66 against the dollar at the Forex market on Thursday. The domestic unit had closed at record low of 71.75 after scaling intra-day record low of 71.97 Wednesday.
(With PTI inputs)