Sensex, Nifty Gain; Smallcaps Outperform

Indian equities have opened higher for the third straight day, beginning the weekly options expiry session on a steady note.

The S&P BSE Sensex opened 0.45% higher at 49,885 while the NSE Nifty 50 index opened 0.4% higher at 14,875.

Most sectoral indices have opened with gains this morning. The Nifty Bank index has opened 150 points or 0.5% higher at 33,154 while the PSU Bank index, which was the top sectoral gainer on Wednesday, opened 0.7% higher.

The Nifty Metal index opened higher for the ninth straight day, with gains of 0.9%.

The Nifty Auto index has opened 0.6% higher while Nifty I.T. and FMCG index are up 0.3% each.

Broader markets have opened higher as well. The Nifty Midcap and Smallcap indices have both opened with gains of 0.6% each.

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