Sensex Rises 270 Points; Nifty Tops 16,000
(RTTNews) - Indian shares opened higher on Thursday despite weak cues from global markets amid growing inflation and recession fears.
The benchmark S&P BSE Sensex jumped 270 points, or half a percent, to 53,772 while the broader NSE Nifty index was up 73 points, or half a percent, at 16,040.
Among the top gainers, Mahindra & Mahindra, Sun Pharma, Britannia Industries, Tata Consumer Products and Apollo Hospitals Enterprise rose 1-2 percent.
PSU banks traded mostly lower on reports that the government is aiming at commencing the next round of public sector bank mergers with the hope of having 4-5 large banks.
Mindtree lost nearly 4 percent despite reporting a 37 percent rise in Q1 net profit. Infosys was little changed on news it is buying Denmark-based consultancy firm BASE life science for 110 million euros.
HDFC rose about 1 percent on fund raising reports.
Dabur gained 1 percent after it acquired the entire stake in Bangladesh-based Asian Consumer Care from its joint venture partner Advanced Chemical Industries for about Rs 51 crore.
JSW Energy rallied 2 percent. Its subsidiary JSW Neo Energy has bagged a 300 MW wind energy project from Solar Energy Corporation of India.
China Economic Data Disappoints
Yen Rises Against Majors
NZ Dollar Falls On Soft China Data
NZ Dollar Falls Against Majors
European Shares Seen Tad Higher As World Braces For Alaska Talks
Australian Market Extends Early Gains In Mid-market
Asian Markets Trade Mixed
