At 9:15 AM, the BSE Sensex opened higher by 62.96 points at 28927.67, while the Nifty50 opened higher by 29.5 points at the 8956.40 mark.
There are 860 advances, 545 declines and 466 unchanged stocks on NSE reflecting positive undertone in the market.
Idea is the top Nifty gainer and Bharti Infratel is the top Nifty loser in the morning hours on Thursday. Idea is trading at Rs 116.20 per share, up by 3.20%. Bharti Infratel is trading at Rs 298 per share, down by 0.91%.
The rupee opened flat at 66.96 per dollar.
Bharti Airtel, India’s largest telecommunication services provider has entered into a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor India Communications Private Limited which is subject to requisite regulatory approvals.
Bharti Airtel is trading at Rs 398.95 per share up by 10.86%.
For the day, stiff resistance for Nifty50 is positioned around levels of 8,960-8,970. On the downside, supports are seen at 8,880 and 8,820.
The US stocks finished mostly lower on Wednesday, but that did not stop the Dow Jones Industrial Average to log its best record-setting streak in the last three decades. The Dow Jones gained 32.60 points. Meanwhile, the S&P 500 Index shed 2.58 points and the Nasdaq Composite Index slipped 5.32 points. Stocks pared earlier gains as Federal Reserve minutes implied that the central bank is comfortable with raising interest rates “fairly soon”.
On Thursday, Asian shares are trading in the negative terrain as Federal Reserve minutes showed that “many” Fed officials expressed support for raising interest rates “fairly soon” if the economy stayed on course or strengthened. Japan’s Nikkei 225 slipped 71 points, Hang Seng dropped 149 points and Shanghai shed 8 points.
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