By IANS
Mumbai : The Indian markets opened on a strong note Thursday with the Nifty trading at an all time high of 6,000 and the benchmark sensitive index of the Bombay Stock Exchange (BSE) up to 20,040.
The surge in the market was powered by the 25 bps (basis points) cut by the US Federal Reserve.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) took 24 days to cover the gap from 5,000 to 6,000, plotting gains of 84 points or 1.35 percent.
Sensex was also up with significant gains of 202 points or 1.02 percent.
Market breadth was strong with over 800 stocks on the advancing side and only 65 stocks on the downside on NSE.
Asian markets were trading mixed.
Hong Kong’s Hang Seng gained 0.78 percent or 245.85 points at 31,598.43, Japan’s Nikkei surged 0.75 percent or 126.20 points at 16,863.83, Singapore’s Straits Times rose 0.47 percent or 17.96 points at 3,823.66.
However, Taiwan’s Taiwan Weighted fell 0.51 percent or 49.94 points at 9,661.43. South Korea’s Seoul Composite was down by 0.35 percent or 7.16 points at 2,057.69.
The most active shares on NSE Thursday morning were Reliance Petro at Rs.276.90 with 39,788,356 shares, Reliance Natural at Rs.130.70 with 35,688,253 shares and Larsen at Rs.4,570.10 with 596,158 shares.
Among the top gainers on the index were Reliance Petroleum at Rs.263.50 up 7.09 percent, Sterlite Industries at Rs.1,072.25 up 4.18 percent and HDFC Bank at Rs.1,705.10 up 3.13 percent.
Among the top losers on the index were Bharti Airtel at Rs.960.20 down by 4.61 percent, VSNL at Rs.533 down by 4.37 percent and MTNL at Rs.174.75 down by 2.62 percent.