Market Live: Sensex up 100 pts despite Brent crude hits $74/bbl; Metal index up 2%
Equity benchmarks rebounded on Thursday after the correction in previous session, following positive lead from global stocks.
The 30-share BSE Sensex was up 111.58 points at 34,443.26 and the 50-share NSE Nifty rose 41.20 points to 10,567.40.
Nifty Metal was up 1.6 percent as Hindalco, Vedanta, Nalco and Tata Steel rallied up to 5 percent on positive global metal prices.
Nifty Midcap was up 75 points.
Fortis Healthcare, Mishra Dhatu, Mindtree, HDFC Standard Life, Phoenix Mills, Aban Offshore, Godrej Industries, Godrej Consumer Products, Dabur and Kaya gained up to 7 percent.
All sectoral indices were in the green, with the Nifty Metal index rising more than 2 percent while Media index continued its upmove, up another 1 percent.
Brent crude oil futures hit USD 74 a barrel after a decline in US crude inventories and top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.