Indian equities opened on robust note on Thursday, undermining weak cues from Asian peers, amid optimism over strong corporate earnings in June quarter. On the sectoral front, oil&gas and PSU stocks were among top gainers on BSE, rising as much as 2.19 per cent and 1.3 per cent, respectively. Shares of HCL Technologies rose 2 per cent ahead of its board meeting today to consider share buyback proposal.
At 9:20 hours, the 30-share benchmark index was trading at 36482.74, up by 216.81 points or by 0.6 per cent, and the NSE Nifty was at 11024.4, up by 76.1 points or by 0.7 per cent.
The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1054.00,+1.70%), Asian Paints Ltd. (Rs. 1375.75,+1.28%), State Bank of India (Rs. 262.15,+1.26%), YES Bank Ltd. (Rs. 375.65,+1.16%), Kotak Mahindra Bank Ltd. (Rs. 1396.90,+1.06%), among others.
On the flip side, Wipro Ltd. (Rs. 271.35,-0.55%), Mahindra & Mahindra Ltd. (Rs. 926.10,-0.48%), Infosys Ltd. (Rs. 1315.00,-0.41%), Tata Consultancy Services Ltd. (Rs. 1973.95,-0.29%), Oil And Natural Gas Corporation Ltd. (Rs. 157.30,-0.22%), were among top losers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 928, shares advanced were 695 while 212 shares declined and 21 were unchanged.