Sensex Opening Bell: Stock market returns green; Sensex rises 150 points, Nifty crosses 25200

New Delhi| Major domestic equity indices Sensex and Nifty were seen trading with gains on Thursday, following a surge in Asian markets following heavy selling last session. During this period, index heavyweight Reliance Industries and banking stocks remained strong. At 9:22 am, BSE Sensex was seen trading at 82,537, up 185 points or 0.23%, while Nifty rose by 50.56 points or 0.22% to 25,254. The benchmark Nifty 50 had a break on Wednesday on a 14-day streak of gains. However, before that the index had reached an all-time high at the beginning of the week. Weak US economic data in the US on Tuesday raised recession concerns, leading to a decline in global markets last session. Among Sensex stocks, UltraTech Cement, Tata Steel, ITC, JSW Steel, ICICI Bank, HDFC Bank and Reliance Industries opened with gains, while Nestle India, HUL, Bajaj Finance, Bharti Airtel and Asian Paints opened with losses.

Shares of Reliance Industries opened with a gain of 0.3% as the oil-to-telecom trading group is set to consider a proposal to issue 1:1 bonus shares. This will be the first time since 2017. Shares of Sona BLW Precision surged 4% in early trading as the auto component maker prepares to raise up to Rs 2,400 crore through qualified institutional placement with a floor price of Rs 699 per share. Talking about sectoral front, Nifty Metal grew by 0.5%, while Nifty Financial Services grew by 0.3%. Nifty Bank, Auto, FMCG, Media, Pharma and Healthcare sectors also opened with gains.