Sensex jumps over 100 points, Nifty above 10,900 on firm global cues

NEW DELHI: Indian equities registered a positive opening on Thursday ahead of important December quarter earnings.

Two bluechip companies - Reliance Industries and Hindustan Unilever - will report their results later today.

Recovery in Asian stocks after initial losses influenced the mood back home. China's SSE Composite Index, Hong Kong's Hang Seng and South Korea's Kospi climbed by half-a-per cent.


British Prime Minister Theresa May won a confidence vote and appealed other party leaders to work together to find an amicable solution to Brexit, which gave markets a relief.

British PM narrowly won a confidence vote overnight and invited other party leaders for talks to try to break the impasse on a Brexit divorce deal, Reuters reported.

A fall in crude oil prices and a rise in rupee supported the upbeat sentiment in domestic markets.


Sensex jumped over 145 points in early deals and Nifty hovered near 10,930, backed by gains in auto, finance, bank and metal stocks.

Around 9:30 am, the BSE Sensex was 92 points, or 0.25 per cent, up at 36,413.75, while Nifty was 23 points, or 0.21 per cent, up at 10,913.50.

The BSE Midcap and Smallcap indices were up with a gain of 0.26 per cent and 0.15 per cent up, respectively, at that time.

HDFC, Reliance Industries, TCS, HDFC Bank and Mahindra and Mahindra were among the top contributors to the rally in the market.

On the flip side, ITC, Hindustan Unilever, Infosys, YES Bank and ICICI Bank were among the drags on Sensex.

The Auto pack was the top gainer among the sectoral indices on BSE. The index climbed 0.55 per cent on the back of gains in shares of Mahindra & Mahindra, Maruti Suzuki, Tata Mothers, Motherson Sumi Systems and Cummins India.

On the other hand, the BSE FMCG index slipped 0.13 per cent on losses in index majors such as ITC and Hindustan Unilever.

Shares of Jet Airways plunged over 5 per cent even as Partner Etihad Airways and banks have been holding talks on a rescue plan for the cash-strapped Indian carrier, although they are yet to seek any regulatory approvals or exemptions, a top government official said.

Meanwhile, Federal Bank, Reliance Industries, Hindustan Unilever, Mastek, Cyient, Rallis India, AU Small Finance Bank and Aditya Birla Money will be among 18 companies which will announce their December quarter results on Tuesday.