The Indian equity markets witnessed a marginal positive opening on Thursday amid positive global cues. The BSE Sensex opened higher with a 300-point rally, while the Nifty 50 gained 30 points in early trade.
The GIFT Nifty at 23,585 indicated a gap-up opening of about 200 points as global markets rebounded, led by technology stocks.
According to analysts, the markets have shown positive short-term stabilisation despite global pressures, though sentiment could fluctuate.
The massive rally in US equities and strong rebound in Asian markets helped improve risk appetite globally, despite lingering concerns around inflation and expectations that the US Federal Reserve could maintain a tighter interest rate stance.
Top gainers on the Nifty were Cipla (up 7.18 per cent), Adani Enterprises (up 4.21 per cent), Adani Ports (up 2.15 per cent), Trent (up 1.95 per cent), and NTPC (up 1.66 per cent).
Top losers included HCL Tech (down 1.32 per cent), TCS (down 0.91 per cent), Tech Mahindra (down 0.90 per cent), Infosys (down 0.61 per cent), and Dr Reddy’s (down 0.46 per cent).
Meanwhile, crude oil futures for July gained in early trade on Thursday as markets looked ahead to the much-awaited meeting between US President Donald Trump and Chinese President Xi Jinping.
At 9:30 am, July Brent oil futures were at $106.15, up 0.45 per cent, while June WTI crude oil futures stood at $101.68, up 0.65 per cent.
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