Stock Market: Sensex Rises 206 Points, Nifty Above 18,200 Amid Positive Cues. Metals Gain

Sensex and Nifty, the two key equity benchmarks, on Friday opened higher in early trade tracking strong global cues.

At 9.40 am, the S&P BSE Sensex was up 206 points to 61,340, while the broader NSE Nifty was trading at 18,248, up 58 points.

On the 30-share Sensex platform, Bajaj Finance, Tata Steel, Bajaj Finserv, Wipro, Tata Motors, Titan, and others emerged winners. On the flip side, IndusInd Bank, M&M, Asian Paint, HDFC Bank, ICICI Bank, ITC, and others were the main losers.

Among individual stocks, shares of HG Infra surged over 6 per cent after the company bagged LoA from the NHAI for a six-lane road in Haryana. Shares of Craftsman Automation gained over 4 per cent after the company acquired 76 percent of the total equity in DR Axion.

The overall market breadth of the BSE Sensex during early trade stood positive as 1,785 stocks were advancing, while 1,697 were declining.

In the broader markets, Nifty MidCap 100 and Nifty SmallCap 100 indices advanced up to 1 per cent.

All sectors started trade on a positive note, with Nifty PSU Bank, Nifty Metal, and Nifty IT indices rising up to 1 per cent.

In the previous session on Thursday, the S&P BSE Sensex closed day’s trade at 61,134, up 224 points while the broader NSE Nifty50 ended at 18,191, up 68 points.