Buoyed by positivity in Asian Markets and US equities, the domestic indices in India on Thursday rose on a positive note during the Diwali Muharat in the share market even as the investors mood was influenced by the union Government’s decision to lower the petrol and diesel prices.
Experts said the government move to lower the fuel prices would ease inflation in the coming days and this decision strongly influenced the investors today.
The BSE Sensex rose to 60,141.5 points, while Nifty50 rose 0.6 per cent to reach 17931.5 points.
The gains in the market were broad-based with nearly all sectoral indices on the National Stock Exchange opening in the green. Among the sectors, Nifty FMCG, Nifty PSU Bank and Nifty Bank Index led to the gains in the market.
Broad market stocks outperformed the largecap peers for the second successive session with the Nifty Midcap 100 and Nifty Smallcap 100 index going up 0.9 per cent and 1.1 per cent respectively.
Shares of Eicher Motors rose 3 per cent after the company reported better than expected earnings for the quarter ending September. Shares of ITC increased more than one per cent while those of Bajaj Finserv rose 1.2 per cent.
