Punjab Newsline | Mumbai
Indian benchmark equity indices opened on a strong note on Thursday, extending their gains from the previous session, with robust buying in information technology (IT) stocks driving the market higher.
The Nifty 50 surged 117 points to trade above the 24,100 mark, while the Sensex advanced 387 points to around 77,310 during early trade.
The IT sector emerged as the biggest contributor to the rally, with the Nifty IT Index jumping as much as 3.37% amid broad-based buying across technology stocks.
Market breadth remained positive, with 36 of the 50 Nifty constituents trading in the green, while 13 stocks were under selling pressure.
Among the top gainers on the Nifty were Infosys, HCL Technologies, Tata Consultancy Services (TCS), Tech Mahindra, and Eternal. On the downside, NTPC, Bajaj Finance, Power Grid Corporation, Trent Ltd., and ONGC featured among the top losers.
Several stocks also witnessed heightened activity following company-specific developments and news flow. These included Punjab & Sind Bank, Indian Bank, South Indian Bank, Tamilnad Mercantile Bank, Ashiana Housing, V-Mart Retail, V2 Retail, Force Motors, NMDC, Coal India, Lupin, Bharti Airtel, and CSM Technologies.
Investors will continue to monitor corporate developments, global market cues, and sector-specific trends for further direction during the trading session.
