The domestic stock indices opened in green on Thursday, tracking recovery of stocks and commodities in global market.
In the early morning trade, the S&P BSE Sensex hit a fresh record high, rising by 212.85 points or 0.59% per cent to trade at 36,478.78 and the Nifty50 index surged 64.15 points or 0.59% per cent to trade at 11,012.45.
Global markets consolidated from the previous session's sheer losses. Fears of an escalation in the US China trade war nudged investor's sentiments on Wednesday. At 09:12 am, the Nifty futures on SGX traded 30.50 points or 0.28 per cent higher at 10,978 on Thursday.
Twenty six out of 30 BSE Sensex stocks started on a higher note today. Major gainers in the 30-share Sensex pack in the early session were Asian Paints (+1.48%), Reliance (+1.27%), Kotak Bank (+1.18%), SBIN (+1.08%), Coal India (+1.04%) and Induslnd Bank (+1.00%). Top laggards in the Sensex pack at the same time were TCS (-0.29%), ITC (0.16%), Mahindra & Mahindra (0.39%) and ONGC (-1.36%).
Hindustan Petroleum (+4.19%), IOC (+4.01%), BPCL (+3.87%), Dr Reddy's (+2.85%) and HCL Tech (+2.13%) were leading the pack of Nifty gainers while the main losers on the index in the morning session were Infratel (-2.73%), TCS (-0.63%), GAIL (0.34%), Infosys (-0.29%) and Wipro (-0.26%).
In commodities markets, brent crude futures rose 1.35 per cent to $74.38 a barrel after tanking 6.9 per cent overnight, the biggest one-day percentage drop since February 2016.
On Wednesday, domestic stock markets swung between gains and losses all through the trading session and ended on marginally higher note. The S&P BSE Sensex settled at 36,265.93, while the broader Nifty50 closed at 10,948.30.