The BSE Sensex opened 191.05 points or 0.28 per cent higher at 67,658.04. The NSE Nifty gained 61.70 points or 0.31 per cent at 20,131.70.
Top Gainer and Losers
Tech Mahindra, Tata Steel, Wipro, JSW Steel, Infosys were the top gainers and Axis Bank, Bharti Airtel, and UltraTech Cement were among the laggard on the BSE.
Bombay Dyeing To Sell Land 22 Acres Land For Rs 5,200 Crore, Stock Jumps 20%
Shares of Bombay Dyeing Limited jumped 20 per cent in early trade on Thursday after the company said it will be monetizing its 22 acre land parcel in Worli to Goisu Realty Pvt Ltd. The transaction will be completed in two phases for a total consideration of Rs 5,200 crore. In the first phase, the company will receive Rs 4,675 crore and the remaining amount will be received after completion of certain conditions as set out in the definitive agreement.
Axis Capital initiates coverage on Hindalco
Axis Capital on Hindalco initiates buy with a target price of Rs 585.
Sugar stocks jumped over 13% on the NSE on Thursday on the likelihood of a 14% fall in sugar output in Maharashtra in the 2023-24 crop year.