Opening Bell: Markets opened higher in today's ( 16 august 2022) trade on the BSE amid positive global cues. Frontline indices Nifty50 rose over 50 points to trade above 17,750 levels, while the S&P BSE Sensex climbed over 300 points at 59,793 levels.
Broader markets, too, rose in tandem as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.6 percent.
Sector-wise, Nifty Auto, Nifty Bank, and Nifty IT were the winners. Nifty Metal, however, was the sole sectoral loser in the trade.
Among individual stocks, shares of Mahindra & Mahindra (M&M) hit a 52-week high of Rs 1,298 per share after the auto major launched five new electric SUVs.