Last Update: May 18, 2023, 09:37 AM IST
Sensex Today: Benchmark indices Sensex and Nifty are eyeing a positive start on Thursday, which looks like a respite from the continuous selloff in the past two days. Global mood improved overnight as leaders in the US assured that a debt default would not happen. The BSE Sensex was trading 394 points or 0.64% higher at 61,954. At around 9.17 am, the Nifty 50 was trading at 18,277, up 95 points or 0.52 per cent.
In the Sensex pack, Axis Bank, UltraTech Cement, Infosys, Nestle, HDFC and Bajaj Finserv opened with gains, while only Titan and M&M were trading in the red.
Among individual stocks, Whirlpool India opened 4% lower after Q4 results, while Jindal Stainless rose nearly 5% after the firm reported a net profit of Rs 766 crore in Q4 FY23.
Sector wise, Nifty Metal gained 1.19% and Nifty Financial Services gained 0.84%. Bank, auto, FMCG, IT, media, pharma, consumer durables and healthcare sectors also traded in the green. In the broader market, the Nifty Midcap 100 advanced 0.47% and the Nifty Smallcap 100 advanced 0.65%.
global signal
According to reports, US President Joe Biden and Congress leaders are close to striking a deal to raise the US debt ceiling. This can be done only at the end of the week.
US markets gained overnight. The Nasdaq closed up 1.28 percent. The Dow Jones gained 1.24 percent and the S&P 500 gained 1.19 percent.
Asian indices also showed gains this morning with Nikkei, Hang Seng, Straits Times and Kospi gaining 0.5-1.5 per cent each.
