Sensex rises 160 points, Nifty above 16,560

New Delhi,(thestates.news):The key equity benchmarks, the Sensex and Nifty, opened lower on Thursday amid mixed global responses, but quickly recovered and extended gains. At 10.30 am, the BSE Sensex was up 162 points at 55,560, while the NSE Nifty was up 47 points at 16,568. IndusInd Bank was the top gainer on the 30-share BSE platform, up 5.08 percent. Infosys, Nestle, Bharti Airtel, TechM, the Bajaj twins, Tata Steel, HUL, and others also benefited. Only four constituents, on the other hand, are in the red zone. Kotak Bank is the biggest loser, falling 1.02 percent. HDFC Bank, ICICI Bank, and Reliance were the other three. The broader markets began the day in the green. The BSE MidCap and SmallCap indices were up as much as 0.17 percent.

Six of the NSE’s 15 sector indices were trading in the red. Nifty IT and Nifty Financial Services sub-indices underperformed the NSE platform by as much as 0.56 percent and 0.32 percent, respectively. On the BSE, the overall market breadth was positive, with 1,562 shares rising and 769 falling. On Wednesday, the Sensex gained 630 points (1.15 percent) to close at 55,398, while the Nifty gained 180 points (1.15 percent) to close at 16,521. (HS)