Sensex jumps 100 points, Nifty above 9,650 on positive global cues

The benchmark indices opened higher on Thursday tracking positive trend seen in Asian markets after oil prices climbed from their 10-month lows, while investors also took cues from the minutes of Reserve Bank of India (RBI)'s June policy meeting.  At 9:17 am, the S&P BSE Sensex was trading at 31,391, up 107 points, while the broader Nifty50 was ruling at 9,662, up 29 points. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.3% and 0.5%, respectively. "Going forward, we may see continuation of the bounce first towards 9,665 and then to test the 9,700 mark. On the flip side, 9,608 has now become an important support level on an intraday basis," said Angel Broking in a technical note. Commodity Trading Tips

Buzzing stocks

Federal Bank gained 2% to Rs 119 after the South-based bank on Wednesday launched an institutional sale of shares, aiming to raise around Rs 2,000 crore or $310 million in capital. Hindustan Unilever was the top loser on Sensex after its shares turned ex-dividend on Thursday for final dividend of Rs 10 per share for the year ended March 31, 2017. The stock shed nearly 25 to Rs 1105.  Nifty Trading Tips