Opening Bell: Positive Forecast; Sensex up 140 points

Sensex Nifty open higher note on Thursday following global cues

The forecast for the day is a positive one. The Nifty Bank, Auto, FMCG, Metal and Pharma indices gained 1-2 percent, followed by IT with 0.9 percent.

The 30-share BSE Sensex was up 101 points at 31,935 and the 50-share NSE Nifty rose 40 points to 10,025.

On Thursday, the markets overcame a volatile day of trading to close with huge gains.

The gauge had lost 90 points yesterday.

Intra-day, the NSE had scaled a high 10,104.45.

The BSE market breadth was bearish - 1,840 declines and 918 advances. "Investors expectation on some tailwinds in IT stocks ahead of results kept the counter busy", said Vinod Nair, Head of Research, Geojit Financial Services Ltd. In the pre-opening session on Thursday, Sensex was up over 100 points while Nifty was above 9950.

In terms of investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrips worth Rs 107.95 crore while domestic institutional investors (DIIs) purchased stocks worth Rs 233.80 crore.

Fear gauge India VIX eased 2.6 per cent to 11.42, while smallcap and midcap indices were trading flat.

Hindalco, Infratel, Reliance Industries, Sun Pharma and Vedanta led the gainers in the Nifty pack while Bharti Airtel, UltraTech Cement and International Olympic Committee were among the top decliners. China's main Shanghai Composite, however, shed 0.24 per cent.

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