Oil and gas stocks lead the charge, with the Sensex up 300 points and the Nifty up 100 in the first trading session.
By : Sandhya
When the trading session started on Thursday, March 6, the stock market opened in the green for the second time in a row. The sectors that saw the biggest gains were media, oil and gas, and mid- and small-cap IT and telecom firms. The benchmark BSE Sensex increased 302.18 points, or 0.41 percent, to 74,032.41 at 9:20 a.m. At 22,436.35, the broader NSE Nifty began the day 99.05 points higher, or 0.44 percent higher.
Upon opening, Reliance Industries saw the most increase of 2.03% among the 30 Sensex equities, closing at ₹1,199.65. Following this were Tata Steel, up 1.71 percent, trading at ₹148.65, and Asian Paints, up 1.86 percent, trading at ₹2,205.55. Out of the Sensex stocks, only five were down.
The Nifty Oil & Gas Index increased by 1.93 percent, to 9,981.60, the highest of the Nifty sectors indices. Nifty Media followed with a 1.87 percent increase to 1,475.15, and Nifty Midsmall IT & Telecom followed with a 1.24 percent increase to 9,188.35.