Sensex trades higher on buying lift, RIL at new high

At 9.52 am, the BSE Sensex pared some of its opening gains to trade 35.73 points or 0.10% higher at 35,583.06 at 9.52 am, while the broader NSE Nifty was up 6.50 points or 0.06%.

The benchmark BSE Sensex climbed over 123 points to 35,670.39 in opening trade on Thursday, led by gains in index heavyweight Reliance Industries, amid continued buying by domestic institutional investors.

However, the gauge pared some of its opening gains to trade 35.73 points or 0.10% higher at 35,583.06 at 9.52 am, while the broader NSE Nifty was up 6.50 points or 0.06%.

All the sectoral indices were trading higher, led by capital goods, consumer durables, infrastructure, banking, realty and oil and gas.

Stocks of Reliance Industries continued its upward trajectory, scaling a new peak of Rs 1,031 by surging 1.08% in early morning trade. At 9.52 am, the stock was trading 0.59% higher at Rs 1026.

Other gainers included Adani Ports, ICICI Bank, Tata Motors, Axis Bank IndusInd Bank, Asian Paints, Hero MotoCorp, L&T, TCS, Tata Steel and Bharti Airtel, rising by up to 1.71%.

Sentiment was largely buoyed by continued pumping of funds into markets by domestic institutional investors (DIIs) amid a mixed trend at other Asian markets.

Japan’s Nikkei was up 0.52%, while Hong Kong’s Hang Seng declined 0.84 per cent in early trade on Thursday. The Shanghai Composite index too was marginally down.

The US Dow Jones Industrial Average ended 0.17% lower on Wednesday.