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sensex today: Sensex jumped over 400 points to recover 50,000 points; Smart above 14,900

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NEW DELHI: Stock indices jumped higher for the third consecutive session on Thursday, with the benchmark BSE sensex increasing by more than 400 points at the opening of a trade.
The 30-stock BSE index traded 416 points or 0.8 percent higher at 50,072. While the larger NSE Nifty was up 122 points or 0.83 percent to 14,942.
The main sensex pack winners included Tech Mahindra, Titan, TCS, Bajaj Finserv, HDFC and Infosys with their shares up 2.79%.
While Reliance and Bajaj Auto were the only shares traded in red.
On the NSE platform, all sub-indices were trading green with Nifty IT, Metal and Auto gaining up to 1.63%.
Domestic stocks look modestly good now. The market has once again defied fears of an increase in Covid-19 cases in the country after favorable results from the RBI policy meeting and assurances from the lack of a national government foreclosure, ”said Binod Modi, head of strategy at Reliance Securities.
However, mobility restrictions at the local level due to the continued surge in new coronavirus cases in various parts of the country are expected to keep markets volatile in the near term, he noted.
US stocks mostly ended with marginal gains following the release of the Federal Open Market Committee (FOMC) meeting minutes.
Elsewhere in Asia, the Shanghai, Hong Kong and Seoul stock exchanges were trading on a positive note in mid-session trades, while Tokyo was in the red.
In the previous session, sensex jumped 460.37 points or 0.94% to finish at 49,661.76, and Nifty advanced 135.55 points or 0.92% to 14,819.05.
Meanwhile, foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 227.42 crore on Wednesday, according to exchange data.
(With contributions from agencies)

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