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Expectations to remain firm on the day of expiry have been raised. On Thursday, the Sensex opened up 400 points and is trading at 54103 points at 9.21 am. On the other hand, Nifty is also showing strength. Nifty is open on Thursday at 16113.75 and is currently trading at 16118.
In the Indian markets, stocks like Titan (6%), BOI (3%) and Asian Paints are showing strength, while Cipla and Nestle India are trading in the red mark. There has been a slight increase in the US market. The Dow Jones closed with a gain of 400 points, up 70 points. IT stocks are seeing a rise. On the other hand, the shares of the energy sector have seen a fall for the second consecutive day.
However, market experts believe that the risk of recession remains in the market. Markets in Europe also gained 1.5%. In Asian markets, SGX Nifty is trading in the green with a gain of 37 points. Nikkei is also up 79 points. The mood of both FII and DII is looking positive in the market.