INSUBCONTINENT EXCLUSIVE:
On BSE, the overall market breadth was positive as 1,841 shares were advancing while 673 were declining.New Delhi: The Indian equity indices
traded higher on Thursday led by gains in automobile stocks during opening deals
As of 9:23 am, the benchmark BSE Sensex jumped 320 points or 0.55 per cent to 58,317; while the broader NSE Nifty surged 97 points or 0.56
per cent to 17,420.Asian stock markets were mostly higher while bond yields extended their decline as investors weighed on the current
situation in Russia and Ukraine
Worries about a super-hawkish U.S
Federal Reserve rate-tightening campaign took a step down overnight after minutes of the latest policy meeting signalled a more measured,
data-dependent approach from central bank officials.Back home, mid-and small-cap shares were trading on a positive note as Nifty Midcap 100
index moved 0.33 per cent higher and small-cap shares gained 0.35 per cent.On the stock-specific front, Hero MotoCorp was the top Nifty
gainer as the stock soared 2.36 per cent to Rs 2,852.70
Tata Motors, Indian Oil Corp, Eicher Motors and Grasim Industries were also among the gainers.In contrast, Shree Cement, Axis Bank, SBI
Life, Sun Pharma and Britannia Industries were among the laggards.On BSE, the overall market breadth was positive as 1,841 shares were
advancing while 673 were declining.On the 30-share BSE platform, Mahindra and Mahindra, NTPC, Titan, PowerGrid, HDFC and ITC attracted the
most gains with their shares rising as much as 1.08 per cent.Sensex had slipped 145 points or 0.25 per cent to close at 57,997; while Nifty
had moved 30 points or 0.17 per cent lower to end at 17,322.
