Indian equities opened slightly higher on Thursday, reaching new record levels, influenced by positive signals from other Asian markets and a significant overnight decline in crude oil prices. This decline came as concerns over Libya's oil supply lessened while apprehensions about China's demand persisted.
In early trading, the benchmark S&P BSE Sensex rose by 185 points, or 0.2%, to 85,356. Meanwhile, the broader NSE Nifty index increased by 49 points, or 0.2%, to 26,053.
Notable performers in the Nifty pack included LTIMindtree, SBI Life, Tata Consumer Products, Tata Motors, and Maruti Suzuki India, each registering gains between 1% and 2%. Conversely, ONGC and Hero MotoCorp both saw declines of approximately 2%.
PB Fintech experienced a steep drop of over 7% following the announcement by its parent company, Policybazaar, about its potential strategic entry into the healthcare sector.
ASK Automotive fell by 3.4% amid reports of a stake sale by promoter Kuldip Singh Rathee.
SpiceJet saw an uptick of 1.4% after resolving a $16.7 million dispute with Engine Lease Finance Corporation.
