Strong Global Cues Cheer Markets

The Indian markets opened higher on Thursday amid firm global cues led by gains in Tata Motors, ICICI Bank and HCL Technologies. In the morning trading session at 10:00 AM, the Nifty is trading higher by 20 points at 5578 and Sensex is trading higher by 86 points at 18,500. Both the indices are trading up in the range of 0.35% to 0.47%.

The advance-decline ratio is on a positive side in the morning trading session. On the NSE, 673 shares are trading in green and 346 shares are trading in red. 

Top 5 NSE Gainers: Tata Motors is the top gainer on the NSE, trading up by 4.81%, followed by ICICI Bank, IndusInd Bank, DLF and HCL Technologies. 

Top 5 NSE Losers: HDFC is trading down by 1.91% and is among the top losers on the NSE, followed by Reliance Infrastructure, IDFC, Bharti Airtel and Mahindra and Mahindra.

Among the sectoral indices, most sectors are trading in green. Auto, Bankex and IT are trading firm in the morning trading session. Oil & Gas, Power and PSU are trading in a negative zone. 

Meanwhile, the Asian markets shot up over a record close in Dow Jones. Nikkei 225 is trading higher by 1.18%, followed by Taiwan Weighted, Hang Seng and Shanghai Composite. 

Buzzers: Tata Motors led the gainers’ list after reporting strong sales in its JLR arm which makes luxury cars. The stock is trading higher by 4.74% at Rs 281. 

Mahindra and Mahindra is trading lower by 1.29% to Rs 826.10 on account of labour unrest at its Igatpuri engine plant. 

The markets saw a good start over strong global cues. Going ahead, it will take cues from the European markets. Nifty needs to sustain above the 5560 levels.