City
Epaper

Lower oil prices, global cues lift equity indices; Sensex up over 500 points

By IANS | Updated: October 7, 2021 12:10 IST

Mumbai, Oct 7 India's key equity indices S&P BSE Sensex and NSE Nifty50 made healthy gains ...

Open in App

Mumbai, Oct 7 India's key equity indices S&P BSE Sensex and NSE Nifty50 made healthy gains during Thursday's morning trade session.

Sector wise, Realty, Automobiles and Consumer Durables indices gained the most.

Accordingly, the 30-scrip sensitive index traded at 59,735.25 points around 11.15 a.m., up 545.52 points or 0.92 per cent.

The Sensex opened at 59,632.81 points from its previous close of 59,189.73 points.

Besides, the NSE Nifty50 traded at 17,806.15 points, up by 160.15 points or 0.91 per cent.

It opened at 17,810.55 points from its previous close of 17,646 points.

"Nifty opened with an up gap on October 7 following positive global cues. Asian markets traded higher on Thursday, bolstered by progress on the debt-ceiling impasse in Washington and a rebound in Chinese technology shares," said Deepak Jasani, Head of Retail Research, HDFC Securities.

"It would be interesting to see whether Nifty witnesses any intraday correction at all post the European markets opening."

According to Likhita Chepa, Senior Research Analyst, CapitalVia Global Research: "The Indian benchmark had a gap up start today and is likely to recover from the previous session's fall."

"There will be some volatility in the market as today is the weekly F&O expiry. There may be some cautiousness as India recorded a spike in new Covid-19 cases in the past 24 hours."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Standard & Poor'sRealtyDeepak jasaniindiamumbaiIndiUk-indiaRepublic of indiaIndia indiaGia india
Open in App

Related Stories

MumbaiMumbai Local Train Fight: Injured Woman Alleges Police Took Rs 3,000, Discouraged Her From Filing Complaint

MaharashtraMaharashtra HSRP Number Plate: What Is It, How to Apply Online, Last Date and Price Details

MumbaiMumbai Weather Update: 96% Chance of Rainfall; Yellow Alert Issued for Thane and Raigad

MumbaiMumbai: Water Supply To Be Affected in Andheri and Vile Parle From June 22 to 28

MumbaiMumbai: Western Railway Services Affected After OHE Wire Breakdown Near Palghar Railway Station (Watch Video)

International Realted Stories

InternationalEAM Jaishankar joins diplomatic corps in Delhi to participate in International Day of Yoga

InternationalIndia to evacute citizens of Nepal, Sri Lanka from Iran

InternationalIran Internet Blackout: 60-Hour Shutdown Amid Ongoing Conflict With Israel

InternationalHundreds in Singapore, Myanmar join International Yoga Day celebrations

InternationalFrench Embassy in India hosts yoga session on 11th International Day of Yoga