Sensex up 350pts, Nifty50 above 18,100; Tech M, ONGC gain 2%

Domestic equity markets opened higher in Thursday’s trade, amid strong global sentiments.

Key indices Nifty50 advanced over 50 points to trade above 18,100 levels, whereas the S&P BSE Sensex gained over 300 points to trade around 61,613 levels.

Broader markets, too, rose in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.6 per cent.

All sectors started trade in the positive territory, with Nifty IT and Nifty Metal indices taking the lead and climbing up to 0.8 per cent.

Among individual stocks, shares of Patel Engineering soared over 9 per cent after the company was declared lowest bidder (L1) for Rs 1,567 crore projects in Madhya Pradesh and Maharashtra.

Besides, shares of Bharat Dynamics gained over 2 per cent after the company launched three new products during the ongoing Aero India – 2023 event in Bengaluru.