Sensex jumps 700 points in opening session, Nifty at 8,952.70
Stocks traded in the green in the opening session on Thursday as market benchmark SENSEX jumped over 700 points and stood at 30,619.77, amid strong investment. Meanwhile, Nifty rose more than 200 points to 8,952.70.
Sensex components like HDFC, ICICI Bank, ONGC, Tech Mahindra, Axis Bank, and Hero MotorCorp were trading on a positive note. All NSE components were trading in the green, with Nifty Pharma and Financial Services gaining the highest.
In the previous session, Sensex settled 173.25 points or 0.58%, lower at 29,893.96, and Nifty dropped 43.45 points or 0.49% to close at 8,748.75.
According to reports, the markets are to remain volatile temporarily amid fund inflow from investors
According to traders, domestic equities advanced tracking significant foreign fund inflow ahead of the release of wholesale inflation data.
Globally, concerns over rising cases of coronavirus patients keep investors on edge, however, the equities in other Asian markets are rising in hopes of government stimulus as the COVID-19 pandemic reaches its peak in these regions. Bourses in Shanghai, Hong Kong, and Tokyo were trading on a positive note.
Stock exchanges on Wall Street closed with losses on Wednesday.