Sensex, Nifty zoom ahead of results by TCS, Reliance Industries

Sensex, Nifty zoom ahead of results by TCS, Reliance Industries

Sensex, Nifty zoom ahead of results by TCS, Reliance Industries

Firm global cues as well as optimism over the earnings season helped Indian markets finish sharply higher on Thursday.

The 30-scrip Sensitive Index (Sensex) of the BSE closed above the psychologically important 32,000-mark.

Vinod Nair, Head of Research, Geojit Financial Services, said: "Market regained from yesterday's loss and stayed close to 10,100-mark ahead of economic data, inflation and IIP (Index of Industrial Production) later during the day".

On Wednesday, the benchmark indices closed in the red as heavy selling pressure in metal, banking and automobile stocks, along with outflow of foreign funds, kept investors' sentiments subdued.

At 12.30 PM: Sensex was up by over 135 points or 0.43% at 31,969.81 while the wider Nifty was up by over 49 points or 0.49% at 10,033.80.

The Sensex closed at 32,182.22 points - up 348.23 points, or 1.09 per cent - after touching a high of 32,209.03 points and a low of 31,813.67 during intra-day trade.

The Nifty opened above the 5 digit figure of 10,000 points, helped by stocks of International Olympic Committee and IndusInd which rose by more than 0.7% each in the morning trade.

The Sensex and Nifty opened the session on a positive note as Asian shares rose, tracking Wall Street's rally to all-time highs. Japan's Nikkei 225 was trading in green, up by 0.50 percent, Hang Seng up by 0.20 percent while South Korea's Kospi was also up by 0.35 percent.

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