Mumbai: The Mumbai stock market opened on a positive note on Thursday. The Sensex rose as much as 322 points to 61,389 in early trading hours. Meanwhile, the Nifty rose 83 points to 18,300 on the National Stock Exchange.
The trade started on a positive note but soon turned negative. As of 09:49 am, the Sensex was up 176.55 points at 61,243.79. The Nifty was up 12.05 points at 18,211.15 on the national bourse.
Indian equities recovered from a two-day slump and opened higher on Thursday due to a subdued environment in global markets. Indian stock markets have struggled to sustain the recovery due to rising coronavirus cases and lingering US recession. As a result, the Sensex started to fall.
In terms of individual stocks Sun Pharma Industries, Infosys, Kodak Mahindra, Bharti Airtel, HCL Technologies, Reliance Industries, Bajaj Finance, HDFC Bank, Hindustan Unilever, Wipro, ICICI Bank, State Bank of India, TCS, Tech Mahindra, AsianPaints, Ultra Tech Stocks including cement were bullish. Maruti Suzuki, Nestle India, ITC, Power Grid Corporation, NTPC, L&T, Tata Steels, IndusInd Bank, M&M, Tata Motors, Axis Bank and Bajaj Finserv were the decliners.