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The Indian Stock market has opened strong riding high on global markets. The Sensex is up 121.41 points or 0.5 percent at 25965.59, and the Nifty is up 41.60 points or 0.5 percent at 7956.35. The 50-share index is at 2016 high, crossing January 1 high 7972. About 401 shares have advanced, 77 shares declined, and 22 shares are unchanged.
ICICI Bank is up 6 percent while SBI, Tata Steel, Axis Bank and GAIL are top gainers. Wipro falls 5 percent. The Indian rupee opened lower by 10 paise at 66.32 per dollar against previous close of 66.22. Dollar edged up against a basket of major currencies. Euro flat ahead of the ECB meet today.
The S&P BSE Sensex surged over 200 points in morning trade on Thursday, to reclaim its crucial psychological level of 26000, led by gains in ICICI Bank, SBI, HDFC, Axis Bank and Tata Motors. The Nifty50 reclaimed its crucial psychological level of 7,950 and was trading just below its crucial level of 8000 supported by gains in realty, consumer durable, metal, oil & gas, and banks, and auto stocks.
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