India’s stock benchmarks opened higher, aided by gains in energy, auto and oil and gas stocks were offset by losses in consumer durables stocks.
The S&P BSE Sensex rose 0.17% to 61,329.57. The NSE Nifty 50 advanced by similar magnitude to 18,301.85. Hero MotoCorp Ltd. had the largest increase, rising 2.6%. In early trading, 23 of 50 shares rose, while 26 fell.
The S&P BSE MidCap almost mirrored its larger peers while S&P BSE SmallCap outperformed Sensex and Nifty, adding over 0.5%. Twelve of the 19 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Auto rising over 1%.
The market breadth was skewed in the favour of bulls. About 2,050 stocks advanced, 891 declined and 117 remained unchanged.
Read More:Share Market Live: Sensex, Nifty Rise; Hero Moto Logs Biggest Intraday Gain In A Year