Sensex rose 326.98 points, or 0.41 per cent, to 79,443.17 at 9:15 am, after opening at 79,530.48. Nifty 50 gained 143.60 points, or 0.59 per cent, to 24,624.10
Indian benchmark indices opened in the green on Thursday, tracking positive global cues and bargain buying in heavyweights, even as recent returns point to lingering volatility in the broader market.
The BSE Sensex rose 326.98 points, or 0.41 per cent, to 79,443.17 at 9:15 am, after opening at 79,530.48. The 30-share index touched an early high of 79,530.48 in opening trade, compared with its previous close of 79,116.19.
The broader Nifty 50 gained 143.60 points, or 0.59 per cent, to 24,624.10. The index opened at 24,615.95 and traded in a narrow intraday range of 24,549.10 to 24,631.35 in the first 15 minutes of trade. Market breadth was firmly positive, with 40 stocks advancing, nine declining and one remaining unchanged.
Among Sensex constituents, auto major Maruti Suzuki India Ltd rose 1.74 per cent in early trade. Financial heavyweight Bajaj Finance Ltd climbed over 1.2 per cent, while infrastructure bellwether Larsen & Toubro Ltd advanced more than 1 per cent.
Metal stocks were also in demand, with Tata Steel Ltd up over 1 per cent. Power and utility names such as Power Grid Corporation of India Ltd and NTPC Ltd traded higher, lending support to the indices.
Telecom major Bharti Airtel Ltd gained nearly 1 per cent, while IT stocks including Infosys Ltd, HCL Technologies Ltd and Tata Consultancy Services Ltd posted modest gains.
Index heavyweight Reliance Industries Ltd was up around 0.3 per cent, providing additional lift.
On the Nifty 50, top gainers included Adani Ports and Special Economic Zone Ltd, Coal India Ltd, Bajaj Finance, and Larsen & Toubro, each rising between 1.5 per cent and 2 per cent in early deals.
Select pressure in private banks, aviation
However, gains were capped by weakness in select financial and aviation stocks. ICICI Bank Ltd slipped nearly 0.5 per cent, while InterGlobe Aviation Ltd, which operates IndiGo, fell over 1 per cent in early trade.
Other laggards included healthcare and select financial names, though declines remained limited as the overall advance-decline ratio favoured bulls.
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