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The stock market is witnessing a bullish trend in early trade on Thursday, which is being seen due to positive trends in global markets and the heavy presence of foreign investors. Due to this rise, Indian equity benchmark indices have registered record gains.
Sensex and Nifty surged
In early trade, the 30-share BSE Sensex rose 428.83 points to reach 81,951.99. At the same time, the NSE Nifty also rose 154.1 points to reach 25,072.55. This rise boosted the morale of investors and infused enthusiasm in the market.
Performance of major companies
Some of the major profit-making companies among the 30 Sensex companies are Tata Steel, Adani Ports, Bharti Airtel, Tech Mahindra, Kotak Mahindra Bank, and State Bank of India. On the other hand, major loss-making companies include Tata Motors, Asian Paints, Nestle, and Bajaj Finserv.
The impact of global markets
In Asian markets, South Korea's Kospi, Japan's Nikkei-225, and Hong Kong's Hang Seng were trading with huge gains. However, China's Shanghai Composite remained in loss. US markets also closed with huge gains on Wednesday, giving a positive signal to the Indian market.
Crude oil and foreign investment
Global oil benchmark Brent crude futures were trading 0.55 percent higher at $71 per barrel. Apart from this, according to stock market data, foreign institutional investors (FIIs) remained active in the capital market on Wednesday and bought shares worth Rs 1,755 crore.
Previous Day's Performance
On Wednesday, the BSE Sensex fell 398.13 points to close at 81,523.16 points, while the NSE Nifty fell 122.65 points to close at 24,918.45 points. Today's rise gave some relief to investors and made the market sentiment positive.
