Market Live: Sensex opens up 140 pts, Nifty above 10,650 ahead of F&O expiry

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Asian stocks recover after easing of Italian political concerns.

Market Opening: Benchmark indices started off the expiry day on a strong note, tracking the positive trend in global peers on easing of Italy political concerns.

The 30-share BSE Sensex rallied 141.30 points to 35047.41 and the 50-share NSE Nifty gained 42 points at 10,656.40.

Jubilant Foodworks, Punj Lloyd, Apollo Hospitals, Deepak Fertilisers, Satin Creditcare, KNR Construction, Sadbhav Engineering and Saksoft surged up to 15 percent.

Manpasand Beverages, Vakrangee and V-Guard Industries fell up to 10 percent.

Asia Update: Asian stocks traded higher on easing of Italian political concerns.

Japan's Nikkei 225 rose 0.43 percent and Australia's S&P/ASX 200 advanced 0.41 percent.

In South Korea, the Kospi advanced 0.44 percent while China's Shanghai Composite rose 1 percent and Hong Kong's Hang Seng gained 0.8 percent.

Stock Market Tips

Market Pre-opening: Benchmark indices are trading higher in pre-opening, following the rally in global stocks.

The 30-share BSE Sensex rose 100.86 points to 35,006.97 and the 50-share NSE Nifty gained 32.10 points at 10,646.50.

Punj Lloyd gained 20 percent and Reliance Communications rallied 10 percent. Bhushan Steel rose 10 percent.

CRISIL rallied 4 percent.


Market Cues: The Nifty50 is expected to open higher on Thursday following positive trend seen in other Asian markets. The index closed 18.95 points lower at 10,614 on Wednesday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 25 points or 0.24 percent. 

Nifty futures were trading around 10,656-level on the Singaporean Exchange.

US stocks ended higher on Wednesday, and the S&P 500 and Dow registered their biggest daily percentage gains since May 4, on signs of easing political turmoil in Italy and as a surge in oil prices boosted energy stocks, said a Reuters report.

Asian stocks rebounded from a two-month trough on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan tacked on 0.3 percent having slumped to its weakest since the start of April on Wednesday. South Korea’s KOSPI added 0.6 percent and Japan’s Nikkei advanced 0.5 percent.

Oil prices dropped slightly on Thursday, weighed down by a surprise rise in U.S. crude inventories and by expectations that OPEC and other producers could increase output at a meeting in June, added the Reuters report. Brent crude was trading around $77.30 per barrel.


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