Here's how the Markets opened today

The Nifty got off to a strong start on Thursday as traders bought into beaten down stocks after four days of sustained selling across the board. Infosys was the top traded stock on the Index, which showed signs of a relief rally.

The Nifty gained 71 points to 8,420 in early deals. The Advance-Decline Ratio was at a strong 44/6 with Bharti Airtel, Punjab National Bank, Bank of Baroda, Idea and SBI occupying the top 5 slots on the Index. NMDC, to be excluded from the Nifty, TCS, Wipro, Tech Mahindra and BPCL were on the loser's side of the table on the Nifty.

Major indices showed upticks in early morning trades. The CNX 100, CNX 200 and CNX 500, CNX Nifty Junior, the mid cap and small cap indices were in minor uptrends at the start of trade on Thursday. The Bank Nifty surged 263 points, or 1.5 percent, to 18,329 as major banks posted strong gains at the start of play. All major sectoral indices were moving higher. CNX Realty, CNX PSU Bank Indexes lead others such as CNX Auto and CNX Pharma and CNX Finance Indexes higher.

And on the Bombay Stock Exchange, the Sensex rose 238 points to 27,750 in initial trades. As a consequence, the Advance-Decline Ratio stood at 27/3. Cipla, ICICI bank, Lupin, Axis Bank and ONGC were the top gainers on the Index whereas TCS, Coal India and GAIL lost ground on the Sensex where SBI was the top traded counter.

The Futures and Options market got off to a flier. Adani Ports, Aurobindo Pharma, Amara Raja Batteries and Bharti were top futures gainers while, NMDC, SAIL, Hindustan Zinc and Jindal Steel lost ground. The Advance-Decline Ratio, meanwhile, stood at 139/21, giving bulls the driving seat.

The broader market, too, was dominated by completely by the bulls in the first half hour of trade with 1,387 shares rising compared with 357 that fell.

Syngene, Torrent Pharma, Divi's Labs and Rajesh Exports struck fresh highs on the National Stock Exchange and CRISIL, Kirloskar Industries and Bharat Gears made it to the top volume buzzers list on the NSE.

Image credit: Indiatimes