Equity benchmark indices made a positive start on Thursday tracking positive developments on the global landscape.
Currently, the Sensex is trading 161 points higher at 36,886, while the Nifty is up 60 points above 10,900. (9.28 AM)
All indices traded in the green except Nifty Realty, which was marginally down by 0.1%.
Nifty Metal rose over 3%, while Nifty Auto gained 1% in early trade. Metal stocks are trading higher after the US imposed duties on structural steel from China and Mexico.
ONGC, Vedanta and Coal India are among the top gainers, while HDFC Ltd., Bharti Airtel, and ICICI Bank are the top losers on the Nifty.
Shares of ONGC gained ~5% after the company said the recent fire that broke out at its Uran unit has not affected its offshore crude supply.
On the Nifty50, 42 stocks advanced and 8 stocks declined.
India Vix is currently down 4.7% at 16.42.
Meanwhile, Asian stocks shot up on Thursday after China announced another round of trade talks with the US next month, after posting upbeat economic data. Hong Kong's chief agreed to scrap the extradition bill on Wednesday.
Further, sentiment improved as Italy's new coalition government would soon be taking shape and UK lawmakers cleared a key hurdle to block the PM from taking a no-deal Brexit.
The Indian rupee opened higher by 26 paise at 71.86/$ on Thursday vs. its previous close of 72.12/$.
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