16 Jun 2022 , 11:11 AM
In the early opening bell, Sensex has touched the day's high of 53,142.50 and Nifty 50 has climbed to an intraday of at least 15,863.15.
At around 09:35 AM, Sensex was trading at 53,077.07 up by 527.32 points or 1%. Nifty 50 was performing at 15,820.35 higher by 128.20 points or 0.82%.
On the sectoral basis, Bank Nifty climbed over 300 points, while Nifty Auto and Nifty Media surged by 1% each.
Heavyweight Reliance Industries was the top gainer on NSE soaring by 2% followed by Maruti Suzuki, ICICI Bank, Bajaj Finance and Bajaj Finserv.
ITC, Tata Motors, SBI surged by more than 1% each.
On the downside, ONGC was the top underperformer on NSE tumbling 1.3%. Power Grid, Bharti Airtel, Hindalco and Nestle India slipped between 0.1-0.7%.
On the Asian front, the indices opened in the green with strong US cues & a rather 'dovish' Central Bank which stated that inflation could be close to peaking.The Japanese 'Nikkei' was trading higher by over 450 points in early trade while the South Korean 'Kospi' was up nearly 2% as oversold Asian markets bounce back.
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