Nifty today: Sensex reclaims 52K level, Nifty above 15,650; IT stocks gain

NEW DELHI: Domestic stocks opened higher on Thursday, mirroring gains in other Asian markets. Buying in and IT majors TCS and Infosys lifted indices, but selling in ITC and select private banks kept the upside limited.

At 9.22 am, the BSE was ruling at 52,055.24, up 113 points or 0.22 per cent. Nifty50 was quoting at 15,687.90, up 52.55 points or 0.34 per cent.

“With a spike in intraday volatility, it could be difficult for day traders to gauge the direction on the weekly expiry day and, hence, one should avoid aggressive positions. The immediate support for Nifty50 is placed in the range of 15,500-15,450, while resistances are seen around 15,700 and 15,800 levels,” said Sameet Chavan of Angel Broking.

rose 1.5 per cent to Rs 245.60. added 1.26 per cent to Rs 1,065. IndusInd Bank, SBI and Sun Pharma added up to 1.1 per cent each.

Reliance Industries, Infosys and TCS added up to 0.7 per cent each.

Bajaj Auto, Asian Paints, Maruti Suzuki and

fell up to 0.6 per cent each.

Investors were keenly awaiting the outcome of the European Central Bank (ECB) policy review later in the day, where it will likely maintain the status quo on the policy guidance and publish updated euro macroeconomic projections.

On the other hand, the US CPI data may show a rise of 0.4 per cent in May, taking the annual pace to 3.4 per cent, according to a Reuters poll.

Adani Enterprises rose 1.1 per cent to Rs 1,612.05. The Adani Group has begun preliminary talks to separate its airport business from the holding entity as a first step toward listing the unit, according to people with knowledge of the matter.

YES Bank rose 0.8 per cent to Rs 14.33.The private lender’s board will meet today to consider fundraising.

Meanwhile, companies such as Steel Authority of India (SAIL), NHPC, Century Plyboards (India), Cera Sanitaryware, Mazagon Dock Shipbuilders, eClerx Services, National Fertilizers and Mayur Uniquoters will announce their March quarter results today. Many of these stocks were trading up to 3 per cent higher in early trade.

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