Equity benchmark indices are trading over 1% per cent higher taking cues from global markets. Nifty50 surged past the psychological 10,500-mark, while Sensex gained due to a surge in the shares of Yes Bank, IndusInd Bank and Asian Paints.
OMC stocks are trading higher with BPCL rising over 3.7%, while IOC has gained 3% and ahead of its Q2 earnings.
The rupee strengthened by 31 paise to 73.14 against the dollar after crude prices fell to seven-month lows in the global market amid fresh foreign fund inflows.
The BSE Sensex was trading at 34,870, up 438 points, while the Nifty50 index was trading at 10,513, gained 132 points.
The BSE Midcap and Smallcap rose 1.32% and 1.39%, respectively.
Volatility index India VIX was down 8.44% to 17.57.
Yes Bank, Asian Paints, Hero MotoCorp, BPCL and IndusInd Bank were the top gainers on Nifty50, while Coal India, Dr. Reddy’s and NTPC were the top losers in today’s trade.
Out of 2,036 stocks traded on the NSE, 1,292 advanced, 272 declined, and 472 remained unchanged today.
A total of nine stocks registered a fresh 52-week high in trade today, while 21 stocks touched a new 52-week low on the NSE.