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.
Lower Open Predicted For Thai Stock Market
Japanese Market Notably Higher
Indonesia Bourse Due For Consolidation On Friday
Australian Market Modestly Higher
Hong Kong Shares Tipped To Open In The Red
China Shares Likely Rangebound Again On Friday
Soft Start Seen For Taiwan Stock Market
