Domestic stock markets have opened their doors, continuing the uptrend seen on monetary policy day, due to cautiously positive signals from the global market. By 9:18 a.m., the BSE Sensex had recovered the 50,000 mark to trade at 50,000.81, up 328 points or 0.65% and the NSE Nifty was at 14,914.50, up 94 , 70 points or 0.66%. The larger markets are also trading companies, with the BSE Midcap and BSE Smallcap indices earning around half a percent each.
All BSE sector indices are trading in the green this morning, with the metals, information technology and consumer goods indices leading the way.
Overnight, the Dow Jones rose 16.02 points and the S&P 500 gained 6.01 points, while the Nasdaq Composite lost 9.54 points.
Meanwhile, oil futures edged higher on Wednesday amid the improving global economic outlook, but gains were capped by rising gasoline inventories and fears that new coronavirus outbreaks would weaken. the global recovery in fuel demand.
Brent futures were at $ 63.16 per barrel, up 42 cents, or 0.7%, and U.S. West Texas Intermediate crude was at $ 59.77 per barrel, gaining 44 cents, or 0.7%.
On the specific equity front, some metals stocks are trading heavily during this session. Hindalco climbed 2.1% to the top of the BSE winners list and Tata Steel strengthened by almost 2%. Financials are also doing well, with Bajaj Finserv, HDFC and ICICI Bank gaining around 1% each.
On the other hand, ONGC, Dr Reddy’s and Bajaj Auto have paid up to half a percent each on BSE.
The scope of the BSE market is strong. Out of 2001 stocks traded on the BSE, there are 1497 stocks up versus 417 down.