Share Market: Sensex Jumps 160 Points, Nifty Breaches 11,550
The equity benchmark indices started on a higher note on Thursday’s trading session amid gains in Asian peers. In the early trade, the S&P BSE Sensex index gained as much as 217.76 points while the NSE barometer Nifty50 rose as much as 62.8 points. At 10:03 am, the Sensex traded 162.84 points or 0.42% higher at 38,719.88, and the broader Nifty was up 42.80 points or 0.37% at 11,541.70. Trading between 1.69% and 2.88% higher, JSW Steel, Dr Reddy’s, Vedanta, Zee Entertainment, and Tata Steel were the top gainers on the Nifty pack. Top gainers on the 30-share Sensex were IndusInd Bank, State Bank of India, Tata Motors, Tata Steel, and Vedanta, trading between 1.36% and 2.16%. Data on consumer inflation and industrial production will be released on Friday by the government. While formulating its monetary policy, the RBI (Reserve bank of India) primarily keeps track of the Consumer Price Index (CPI) – based inflation data. Globally, the Australian shares were steady, while the South Korea’s KOSPI rose 0.7%, Japan’s Nikkei climbed 0.15% and the MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2%. Meanwhile, the Sensex dropped 174 points to close at 38,557, and the Nifty ended 57 points or 0.49% lower at 11,499.