Indian benchmark indices made a strong start on Thursday with the Sensex trading up by 450 points 41,270, and the Nifty trading well above 12,150.(9.20 AM) Markets opened higher following global cues with tensions between the US and Iran easing after US President Donald Trump signalled peace.
Sectorally, all indices traded higher except Nifty IT, which was marginally down.
Nifty PSU Bank was the top outperformer, up above 2%, followed by Nifty Metal and Private Bank.
India Vix traded down by 10% at 13.98.
Asian Paints, JSW Steel, HPCL, IOC, and SBI were among the top gainers on the indices, while losers included TCS, Tech Mahindra, and Wipro.
As per media reports, US President Donald Trump responded overnight to an Iranian attack on US forces with sanctions, not violence. Iran offered no immediate signal it would retaliate further to a January 3, US strike that killed one of its senior military commanders.
The Indian rupee opened higher by 27 paise and jumped to 71.43/$ in early trade today.
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