Sensex Today Live: Indian shares opened higher on Thursday, tracking their international counterparts, after recent U.S. retail sales data indicated growth in the largest economy in the world. The sentiment was also boosted by the return of foreign investment in domestic equities.
The increase in domestic equities follows a nearly two-year high in U.S. retail sales data for January, which helped Wall Street and international equities.
The gains on Thursday were driven by a 1.15% increase in the market's top 13 major sectors indices. The majority of the money that IT stocks make comes from customers in the US.
Nearly 1.2% of the metal index increased. After the government reduced its windfall tax on crude oil and gas exports, the oil and gas index increased by 1%.
The metal index grew by almost 1.2%. After the government reduced its windfall tax on crude oil and the export of aviation turbine fuel and diesel on February 15, the oil and gas index increased by 1%.
For the fourth session on Wednesday, foreign institutional investors continued to buy Indian stocks.
FIIs have reversed an extensive selling trend from earlier in the year by purchasing a net 45.17 billion rupees ($546.24 million) over the last four sessions.
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