By Malvika Gurung
Investing.com — Major Indian indices made a positive opening on Thursday, tracking a sharp uptick in Asian markets fueled by a softer-than-expected US June , raising bets of a less hawkish Federal Reserve stance going ahead.
The benchmark index scaled a new all-time high on July 13, 2023, surpassing the 19,560 mark at 19,566.65 points, while the 30-scrip also hit a new peak of 66,049.45 points in the session.
At 11 am, the gauge of India’s top 50 companies surged 0.87% to 19,552.05 levels, and Sensex jumped 0.93% or 607.14 points.
Over the past one-month period, the headlines Nifty50 and Sensex have increased significantly by 4.45% and 4.5%, respectively.
Gains across the domestic market were led by a rally in IT stocks, following the June quarter earnings results of India’s top IT giants TCS (NS:) and HCL Tech (NS:) on Wednesday. Also, IT behemoth Wipro (NS:) is set to release its earnings for the June quarter on Thursday.
All the sectoral indices listed under the Nifty umbrella traded in the green, led by a 2.5% massive jump in , followed by and Nifty Financial.
On the Nifty50 pack, Hindalco (NS:), TCS, Infosys (NYSE:) (NS:), HDFC Life (NS:), SBI Life (NS:), and Tech Mahindra (NS:) led the rally, while Maharatna PSUs PowerGrid Corporation (NS:) and Coal India (NS:) exerted pressure.
