Sensex and Nifty climb in the first trade; major gainers include Adani Ports, JSW Steel, and NTPC
When the Sensex and Nifty advanced more than 0.20 percent, domestic shares started the day off higher. At 60,816, the BSE Sensex started the day more than 120 points higher. Nifty50 traded above 17,850 levels as it opened more than 30 points higher.
Nifty MidCap 100 and Nifty SmallCap 100 both rose by almost 0.1% as part of broader market gains.
Wipro was down 0.70 percent in the opening trade, followed by HCLTech and Infosys at 0.29 and 0.26 percent. IT companies underperformed overall.
The top losers in the Sensex pack were Axis Bank, Titan, Wipro, and IndusInd Bank, while the top gainers were NTPC, Bharti Airtel, and Hindustan Unilever.
Cipla increased by 1.36%, whereas JSW Steel increased 1.17 % in the first transaction.
In response to news that operations will resume at the Gagal and Darlaghat facilities in Himachal Pradesh as of today, ACC and Ambuja Cements surged in the opening session. Ambuja Cements increased 3.13 percent, trading at Rs 364.35, while ACC increased 0.30 percent, reaching Rs 1856.30 on the BSE.
Adani Ports, meanwhile, increased its price by more than 1.90 percent to Rs 587.25 on the BSE following rumors that it would pay off $121 million in March due to short-term debt in advance. IndiGo (InterGlobe Aviation) increased 0.18 percent to Rs 1,885 after the airline's promoter group member Shobha Gangwal disclosed to markets that she reduced her holdings to 2.99 percent from 7.04 percent on February 16 by selling 15.6 million shares in a block sale.