New Delhi, September 18 (HS)

Domestic equity markets opened on a strong note Thursday, taking cues from the US Federal Reserve’s decision to cut interest rates, which lifted investor sentiment globally. Both Sensex and Nifty began trade with firm gains before briefly slipping due to profit booking, but strong buying soon pushed the indices higher again.

By 10:00 a.m., the Sensex was trading 329.28 points higher at 83,022.99, up 0.40 percent, while the Nifty gained 88.55 points to 25,418.80, marking a 0.35 percent rise.

Market Opening Highlights

-The BSE Sensex opened 415.21 points higher at 83,108.92, but quickly slipped nearly 200 points to 82,920.76 on initial selling pressure. It soon recovered as buyers returned to the market.

-The NSE Nifty opened with a 110.80-point jump at 25,441.05, briefly dropped to 25,393.80, but bounced back to early gains supported by strong buying.

Sectoral & Stock Movements

Key heavyweights driving the positive momentum included Maruti Suzuki, Tata Motors, TCS, Hero MotoCorp, and Tech Mahindra, which gained between 0.41 percent and 0.55 percent.

On the other hand, Bajaj Finance, Hindalco Industries, Apollo Hospitals, Tata Steel, and Bajaj Finserv were under pressure, declining between 0.51 percent and 1.50 percent.

Broader Market Sentiment

As of 10:00 a.m., active trading was seen in 1,527 stocks. Out of these, 988 shares were advancing in the green while 539 were in the red.

-On the Sensex, 21 of the 30 components were trading positively, while 9 were in the red.

-On the Nifty, 31 of the 50 constituents were in the green, with 19 in negative territory.

Previous Session Recap

On Wednesday, the Sensex had closed 313.02 points, or 0.38 percent higher, at 82,693.71, while the Nifty had ended 91.15 points, or 0.36 percent higher, at 25,330.25.

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Hindusthan Samachar / Jun Sarkar