New Delhi: Indian equities benchmarks rose on Thursday driven by gains by Adani Ports, Indian Oil Corp (IOC) and ONGC. The global rise in quotas continued in the first Asian negotiations and the safe haven dollar fell, as markets rejoiced at the positive signs of the impact of the omicron variant of Covid-19 and the data US economics. Japan’s Nikkei gained 0.3% and the broader Asia-Pacific stock index outside of Japan rose 0.6%, marking a third consecutive earnings session. Overnight, the Dow Jones Industrial Average rose 0.74%, the S&P 500 gained 1.02% and the Nasdaq Composite rose 1.18%.
Back home at 9:18 a.m., the 30-share Sensex package rose 261 points or 0.46 percent to 57,192 and the broader NSE Nifty rose 84 points or 0.49 percent to at 17,039.
Mid- and small-cap stocks traded in green as the Nifty Midcap 100 rose 0.81% and the Nifty Smallcap 100 rose 0.90%.
In terms of specific shares, Adani Ports was Nifty’s best winner as shares rose 2.65 per cent to Rs 742 crore. IOC, ONGC, Bajaj Finance and BPCL were also among the winners.
On the other hand, Divi’s Lab, UPL and Asian Paints were among the losers.
The overall breadth of the market was positive, with 1,859 shares advancing while 449 fell on the BSE.
On the BSE platform, Bajaj Finance, NTPC, IndusInd Bank, Tata Steel, Power Grid Co and Bajaj Finserv attracted the most gains with their shares rising up 1.35 per cent in initial trading.
Sensex had risen 612 points or 1.09 percent to close at 56,931 on Wednesday; while the broad NSE Nifty has risen 185 points or 1.10 percent to 16,955.
Both BSE and NSE indices had risen nearly one percent, respectively, on Tuesday after falling to 3 percent on Monday.