The NSE Nifty 50 was up 0.27% at 24,354.1 points, while the S&P BSE Sensex rose 0.29% at 80,214.56, hitting a record high by 9:26 am IST.
Indian shares opened higher on Thursday in line with Asian peers,led by IT stocks after soft US data boosted hopes of a rate cut in September.
The NSE Nifty 50 was up 0.27% at 24,354.1 points, while the S&P BSE Sensex rose 0.29% at 80,214.56, hitting a record high by 9:26 am IST.
Asian shares rose on new estimates that the Federal Reserve could start cutting rates in September after stoft labor data in the world’s largest economy.
Nine out of 13 major sectors in India recorded gains. US rate-sensitive IT stocks rose 1%.
Non-bank lender L&T Finance rose nearly 3% after strong loan growth and disbursement numbers in the June quarter.
Real estate developer Brigade Enterprises rose 4% after signing a joint development agreement for a residential project in Bengaluru with a gross development value of Rs 11 billion.
