Equity benchmarks continued their positive performance, with the Nifty opening at a fresh record high of on Thursday. Indices opened comfortably above their new milestones.
The Sensex was up 52.38 points at 30300.55, while the Nifty was up 26.10 points at 9433.40. the market breadth was healthy as 629 shares advanced against a decline of 172 shares, while 45 shares were unchanged.
Asian indexes were cautiously higher in early Thursday trade, following a mixed close stateside as investors noted Snap's USD 2.2 billion loss, and monitored potential fallout on President Donald Trump's policies after FBI Director James Comey was fired.
Trump said he fired Federal Bureau of Investigation Director James Comey over his handling of an email scandal involving then-Democratic presidential nominee Hillary Clinton.
Asian shares were mostly higher on Thursday with investors noting Toyota shares up in Tokyo despite a downbeat earnings report.
U.S. stocks were mixed after the close on Wednesday, as gains in the Oil & Gas, Basic Materials and Financials sectors led shares higher while losses in the Healthcare, Consumer Services and Industrials sectors led shares lower.
Market awaited the latest views from the European Central Bank after President Mario Draghi said on Tuesday it was too early for the ECB to suggest that euro zone inflation had met objectives and investors turned attention to the Bank of England’s quarterly report scheduled for Thursday.
Major Headlines of the day:
Edelweiss - CRISIL assigns rating of ‘CRISIL A1+' for Short Term Debt Issue aggregating to Rs. 5,000 cr.
Varun Beverages - Crisil upgrades rating to AA-/Stable, A1+ for various tenors Varun Beverages.
Hindalco-Novelis sells 50 percent stake in S korea arm for USD 351mn.
Trend in FII flows: The FIIs were net buyers of Rs 893.36the cash segment on Wednesday while the DIIs were net sellers of Rs -229.73 as per the provisional figures.
UPCOMING RESULTS: ARVIND, ASIANPAINT, GLENMARK, GRANULES, IGARSHI, NILKAMAL, GPPL, KRITIIND, MAGMA, HAVELLS.
Securities in Ban For Trade Date 11-MAY-2017: