Sensex jumps over 100 points, Nifty50 above 7,650; Dish TV down 3%, Hindalco up 1%
The S&P BSE Sensex surged over 100 points in early morning trade on Thursday, led by gains in RIL, Infosys, ICICI Bank, L&T, TCS, and SBI.
The Nifty50 was trading around its crucial level of 7,650, supported by gains in IT, auto, capital goods, consumer durable, metal, and realty stocks.
Stocks: Shares of ABG Shipyard gained over 6 percent in trade while that of Dish TV slumped over 3 percent. Meanwhile, Vedanta and Hindalco traded higher by 2 per cent to become top gainers on the BSE benchmark.
Amid mixed cues from other Asian markets, the rupee inched 1 paisa lower to 66.84 against the US dollar in early trade on Thursday.
Most other Asian markets traded weak. Japan's Nikkei traded lower by 1.52 percent while the South Korean Kospi was down 0.15 percent. Hong Kong's Hang Seng index was down 0.06 percent while mainland China's Shanghai Composite traded with mild gains of 0.19 percent.
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