Indian share markets flipped the script on Thursday, opening with gusto after three days down. BSE Sensex leaped to 82,459.66 from 81,909.63, a 500+ point surge. Nifty opened at 25,344.15, rebounding from 25,157.50, as Greenland trade jitters cooled.
By 9:18 AM, Sensex traded at 82,432.69 (+0.64%), Nifty at 25,310.05 (+0.61%), all sectors positive.
Gains accelerated to over 700 points briefly. Midcaps climbed 1.4%, smallcaps 1%.
Sector leaders: PSU Banks +2%, Auto/Banks +1%, IT +0.9%, Metals +0.8%. Gainers in Sensex: Tata Steel, Adani Ports, Asian Paints, BEL, SBI, Kotak, Sun Pharma, Trent, M&M, Bajaj Finserv, Indigo, ITC (>1% each).
29/30 Sensex stocks up; ICICI Bank dipped.
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Labor code provisions dent Q3 results but as non-recurring, markets dismiss.
Optimism prevails for continued strength.