The BSE Sensex gained 135.55 points at 27698.98 and the NSE Nifty rose 40.75 points to 8415.80. About 713 shares have advanced, 119 shares declined, and 64 shares are unchanged on the BSE.
Cipla, HDFC, Axis Bank, BHEL, ONGC and Cairn India rallied 1-1.5 percent. However, ITC lost 0.6 percent ahead of earnings. GAIL, ICICI Bank, Tata Power and Ambuja Cements also declined.
The stock market has opened higher, tracking positive cues from Wall Street after the Federal Reserve kept rates unchanged. All eyes are on expiry of July derivative contracts today.
The Indian rupee opened lower by 5 paise at 63.96 per dollar against 63.91 Wednesday.
Free Stock Intraday Trading Tips Today
Buy BHEL with a stop loss at Rs 277 and target of Rs 293
Buy SKS Microfinance with a stop loss at Rs 550 and target of Rs 585
Buy Zee Entertainment with a stop loss at Rs 385 and target of Rs 415
Buy Tata Chemicals with a stop loss at Rs 480 and target of Rs 505