Mumbai: The trading started on the Indian stock market on Thursday with an increase. During the early trade, the Sensex rose over 150 points and the Nifty Fifty was above 11,950. The Sensex was trading at 40,567.33, up 154.76 points, or 0.38%, from the previous session at 10.58 am, while the Nifty Fifty saw a gain of 45.25 points.
Air India, facing severe financial crisis, seeks 2400 crore guarantee from central government
The Bombay Stock Exchange (BSE) Sensitive Index Sensex, based on the upward trend in the domestic stock market, rose by 148.77 points to 40,565.63 after opening at 40,561.34 over the previous session. However, during the early trade, the Sensex had a low level of 40,496.82.
Petrol prices fall after two days, diesel prices stable
The National Stock Exchange (NSE) based 50-share sensitive index Nifty FIFTY also opened at 11,944.30 with a gain of 34.15 points from the previous session and went up to 11,955.80, though during this time the Nifty FIFTY recorded a low of 11,934. Among the top gainers, Bank shares rose 2.5%, Tata Motors 1.4%, Hero MotoCorp, and IndusInd Bank gained 1-1%. Shares of Sun Pharma, Vedanta, HDFC Bank, Tata Steel, Larsen & Toubro, and SBI rose from 0.5% to 0.7%.
Income tax relief can be given by Modi government in next budget