Equity benchmarks Sensex and Nifty opened on a positive note on Friday amid a firm trend in global markets.
Equity benchmarks Sensex and Nifty opened on a positive note on Friday amid a firm trend in global markets. The 30-share BSE index was trading 65.90 points or 0.13 per cent higher at 52,764.90 in opening deals. Similarly, the broader NSE Nifty rose 32 points or 0.20 per cent to 15,822.45.
Tata Steel, rising over 3 per cent in the Sensex pack, was the top gainer in Maruti, HCL Tech, ICICI Bank, Maruti, Axis Bank and SBI. On the other hand, Reliance Industries, HUL, Asian Paints, Kotak Bank and Nestle India were among the laggards.
In the previous session, the 30-share index Sensex closed at 52,699, up 392.92 points or 0.75 per cent. Similarly, the broader NSE Nifty rose 103.50 points or 0.66 per cent to 15,790.45.
Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 2,890.94 crore on Thursday, according to provisional exchange data.
According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look muted so far.
“While Indian equities remain bullish on better prospects of economic recovery in the backdrop of sharp contraction in daily caseloads and ramp-up in vaccination programme, the sharp rise in crude oil price with Brent crosses USD 75/barrel and The recent weakness in INR has emerged as the major overhang for the market,” he said.
On the global front, he said, US equities have recovered sharply after President Joe Biden announced he reached an agreement with a bipartisan group of lawmakers on an infrastructure plan.
Elsewhere in Asia, shares in Shanghai, Hong Kong, Seoul and Tokyo were trading with gains in mid-session deals.
Meanwhile, international oil benchmark Brent crude was trading 0.22 per cent higher at $75.73 per barrel.
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