Stock markets: In sectoral indices, energy, IT and financial services were trading in the negative territory on Thursday morning. Telecommunication and Auto indices are trading in the positive territory in the morning.
Stock markets update: Power Grid, Kotak Mahindra Bank, Maruti Suzuki India, Tech Mahindra, ITC and NTPC were among the winners. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
Asian stock markets: Worries about a potential US debt default have added to investor unease about the health of the global economy following interest rate hikes to cool inflation and high-profile bank failures in the United States and Switzerland.
BSE and NSE, in their circulars, said the symbolic trading session would be held between 1815 hrs and 1915 hours.
The 30-share BSE Sensex climbed 104.92 points or 0.18 per cent to settle at 59,793.14. During the day, it jumped 431.58 points or 0.72 per cent to 60,119.80. On similar lines, the broader NSE Nifty ended higher by 34.60 points or 0.19 per cent to 17,833.35.
On Air India privatisation, minister Hardeep Puri said given the fact that both the bids were higher than the reserved price, only proved that Air India was a first-rate asset.
In the previous session, the BSE index ended 765.04 points or 1.36 per cent higher to 56,889.76, and Nifty surged 225.85 points or 1.35 per cent to its record closing of 16,931.05.
In the previous session, Sensex settled 35.75 points or 0.07 per cent higher at 50,441.07, and Nifty ended higher by 18.10 points or 0.12 per cent at 14,956.20.
According to market observers, the inflow of foreign funds and healthy buying in consumer durables, banking and oil and gas stocks pushed the key indices higher.
All exit polls on Thursday predicted a win for BJP in Gujarat and an end to Congress' rule in Himachal Pradesh.
Anecdotal evidence suggests that the market has rallied in 15 days prior to Gujarat polls and fell in the next 30 days after polling was over.
Sensex fell by 56.19 points to 32,577.45 in early trading, while Nifty slipped from record by falling 8.80 points to 10,222.05 after touching a high of 10,239.25 at the outset.
The Sensex today bounced by over 244 points to close at 31,955.
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