Domestic equities were trading flat in the opening trade on Thursday after the US Federal Reserve members unanimously decided to hike key rates by 25 basis points. BSE benchmark Sensex jumped 61.53 points, or 0.10 per cent to 61,254.83, while broader NSE Nifty gained 9 points, or 0.05 per cent to open at 18,098.85.
By 9.30 am, Sensex soared over 100 points to 61,296.33, while Nifty50 gained 32.70 points, or 0.18 per cent to trade near 18,122.55.
Broader markets were outperforming in the opening trade, as all indices were trading in green. Nifty Microcap 250 gained 0.85 per cent, while, Nifty Smallcap 50 gained 0.58 per cent, followed by Nifty Smallcap 100 rising 0.44 per cent.
HCLTech and Tech Mahindra were the biggest losers at this hour, while, ONGC, PowerGrid, ITC, ICICI Bank, and Bharti Airtel were the worst-performing stocks.
On the other hand, L&T, Titan, Bajaj Finance, TCS, Adani Enterprises, JSW Steel, SBI Life Insurance, Tata Steel, HDFC Life, Sun Pharma and SBI were the top gainers.
Titan gained over 0.81 per cent in the opening trade after the company posted a 40 per cent jump in its Q4 net profit.
Reliance Industries was trading nearly flat, up 0.23 per cent after its shareholders and creditors passed a resolution to approve the demerger of its financial services arm.
Sectorally, the Nifty Metal index jumped 0.62 per cent, followed by Nifty Financial Services 25/50 rising 0.49 per cent. Oil and gas stocks were the top losers, followed by realty stocks.
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