|Equity benchmark BSE Sensex rose over 60 points in early trade on Thursday led by gains in banking stocks amid sustained foreign fund inflows.|
Besides, easing global crude prices also helped buying sentiment, traders said.
The 30-share index was trading 60.48 points, or 0.16%, higher at 38,659.47 in morning trade. The broader NSE Nifty was trading almost flat up 2 points, or 0.02%, at 11,466.
Top gainers in the Sensex pack included HDFC, ITC, TCS, NTPC, Asian Paint, L&T, IndusInd Bank, HDFC Bank, Axis Bank, SBI and Sun Pharma.
On the other hand, Vedanta, Tata Steel, ONGC, HCL Tech, M&M, TechM and Tata Motors fell up to 1.94%.
In the previous session, the 30-share BSE Sensex ended 92.90 points, or 0.24%, higher at 38,598.99. On similar lines, the broader NSE Nifty rose 35.70 points, or 0.31%, to settle at 11,464.
Foreign institutional investors (FIIs) continued to be net buyers in the capital market, infusing ₹686.33 crore on Wednesday, and domestic institutional investors bought shares worth ₹1,576.73 crore, data available with stock exchange showed.
Elsewhere in Asia, bourses in Hong Kong, Shanghai and Tokyo were trading on a positive note, while those in Seoul were in the red.
The U.S. markets finished modestly lower on Wednesday after a subdued retail sales report.
Brent futures, the global oil benchmark, fell 0.69% to $59.01 per barrel.
The rupee, meanwhile, strengthened by 3 paise against the U.S. dollar to trade at 71.40 in early session.