India’s equity indices witness gains; Realty, Automobiles, Consumer Durables on top

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Mumbai: 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 percent.

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 percent.

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, Capital Via Global Research: “The Indian benchmark had a gap up to start today and is likely to recover from the previous session’s fall.”

Source: IANS