Equity Benchmarks Rebounded With Mild Gains In Opening On Thursday

Equity benchmarks rebounded with mild gains in opening on Thursday after Federal Reserve expectedly hiked interest rate by 25 bps. Investors remained cautious ahead of exit polls after the second phase of Gujarat elections today.

The 30-share BSE Sensex was up 46.73 points at 33,099.77 and the 50-share NSE Nifty rose 18 points to 10,211.

Vedanta, ONGC, GAIL, HPCL, Tech Mahindra, Dr Reddy's Labs, Aurobindo Pharma, Infosys, Hero MotoCorp and Ambuja Cements were early gainers while TCS, IndusInd Bank and Maruti Suzuki were losers.

The Nifty Midcap index was up 0.5 percent as about five shares advanced for every share falling on the NSE.

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