The Sensex rose more than 300 points in opening trade on Thursday, tracking advances in banking, finance, and metals sectors amid a strong trend in global markets.

In early trade, the Sensex rose 305.74 points to 59,391.17. Similarly, the Nifty rose 85.05 points to 17,690.

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Tata Steel, State Bank of India, IndusInd Bank, Hindustan Unilever, Titan, Bajaj Finserv, Bharti Airtel, and Axis Bank were among the top gainers on the Sensex. The lone laggard was HCL Technologies.

RBL Bank is the stock/security that has been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Thursday, August 25, 2022.

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Asian markets are trading mostly in green with Nikkei 225 surging 178.98 points or 0.63% to 28,492.45, Straits Times added 6.05 points or 0.19% to 3,239.53, Taiwan Weighted jumped 113.38 points or 0.75% to 15,182.57, KOSPI rose 23.16 points or 0.95% to 2,470.61 and Shanghai Composite was up by 13.06 points or 0.41% to 3,228.26, while Jakarta Composite was down by 39.33 points or 0.55% to 7,155.38.

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Wall Street had ended higher on Wednesday. The S&P 500 rose 12.04 points, or 0.3%, to 4,140.77, as traders resisted making big movements. The Dow Jones Industrial Average increased by 59.64 points, or 0.2%, to 32,969.23, while the Nasdaq Composite increased by 50.23 points, or 0.4%, to 12,431.53.

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On Wednesday, the Sensex rose 54.13 points, or 0.09%, to 59,085.43. The Nifty gained 27.45 points, or 0.16%, to 17,604.95.

The foreign institutional investors (FIIs) bought shares worth a net Rs 23.19 crore, while domestic institutional investors (DIIs) sold shares worth a net Rs 322.34 crore in the Indian equity market on August 24, as per provisional data available on the NSE.  

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“The resilience of the Indian market even amidst global volatility can be attributed mainly to two factors: one, the strong growth momentum in the economy and two, the steady FII flows even when the dollar has been appreciating,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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Separately, Brent crude, the international oil benchmark, rose 0.45% to USD 101.68 a barrel. The rupee rose 6 paise to 79.80 against the US dollar in early trade on Thursday, mirroring Asian counterparts and a strong trend in local markets.