The SGX Nifty also indicated strong opening for the frontliners, rising 153 points to 10,283 on the Singapore Stock Exchange. Frontline indices extended gains, with the Sensex rising 383.96 points or 1.16 percent to 33,403.03 and the Nifty gaining 124.10 points or 1.23 percent at 10,252.50.Apollo Tyres rallied 4.5 percent while Balkrishna Industries and MRF gained 3 percent.
The market breadth is very strong as about 8 shares advanced for every share falling on the BSE. Benchmark indices bounced back sharply, tracking strong lead from global stocks and ahead of RBI monetary policy outcome. The Indian rupee opened higher by 12 paise at 65.03 per dollar on Thursday versus previous close of 65.15.The 30-share BSE Sensex was up 345.45 points or 1.05 percent at 33,364.52, and the 50-share NSE Nifty rose 112.80 points or 1.11 percent to 10,241.20.
Major Asian markets are all trading in the green at present, Nikkei is up 1.61%, KOSPI is up 1.72%, while Hang Seng and Shanghai Composite are shut in today’s trade.
US Markets: Stocks witnessed a substantial turnaround over the course of the trading session after initially opening in the red. The Dow surged 1% to 24,264.30, the Nasdaq jumped 1.5% to 7,042.11, while the S&P 500 ended 1.2% higher at 2,644.69.
European ended flat in yesterday’s trade with the FTSE closing 0.05% higher, CAC ended down 0.20% while the DAX ended 0.37% lower.
Major Headlines of the day:
Jet Bharat Heavy Electricals: The company has begun 330 MW Kishanganga HEP In J&K.
Axis Bank: The central bank has rejected its request for gold & silver import in FY19.
Jet Airways: The airline will buy 75 Boeing 737 Max jets worth up to USD 9.7 billion.
IndusInd Bank ties up with JSW Foundation to support women athletes.
Max Financial Services' board meeting on April 9, 2018, to consider and evaluate proposals for raising of funds by way of debt instruments.
Trend in FII flows: The FIIs were Net Value of Rs 335.18 the cash segment Wednesday while the DIIs were Net Value of Rs -152.55 as per the provisional figures.