The BSE index was trading at 49,366.19, up 416.43 points or 0.85 percent, while NSE Nifty jumped 121.10 points or 0.82 percent to 14,845.90.
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Mumbai: Equity benchmark Senssex rose more than 400 points in early Friday trading, tracking the rise of index majors HDFC Twin, Reliance Industries and TCS in positive clues from the global market.
The 30-share BSE index was trading at 416.43 points, or 0.85 percent higher, 49,366.19 in the first trade. Similarly, the broader NSE Nifty jumped 121.10 points or 0.82 percent to 14,845.90.
IndusInd Bank was the top winner in the Senssex Pack, rising by more than 2%, followed by M & M, NTPC, HDFC Bank, SBI, TCS, Asian Paint and Reliance Industries.
Meanwhile, Bajaj Auto, Power Grid, Bharti Airtel and Nestle India were behind.
In the previous session, Sensex rose 272.21 points (0.56%) to close at 48,949.76 and Nifty rose 106.95 points (0.73%) to close at 14,724.80.
Foreign institutional investors (FII) were net buyers in the capital markets as they bought shares worth Rs 1,222.58 on Thursday, according to data from the interim exchange. Meanwhile, a domestic institutional investor (DII) bought shares worth Rs 632.51.
“Among many market experts, the current resilience of the market (down only about 5% from its February highs) is unreasonable in terms of the health crisis and suffering experienced by the country and the economy. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said:
Vijayakumar added, “There is logic in this view, but the fact that we are part of the world’s bull market and that the resilience of the Indian market comes primarily from expectations-backed’hope trade’. It’s important to understand that the second wave will peak in May and the economy will recover rapidly. “
In addition, fourth-quarter results were significantly higher than expected. He added that the market may continue to be resilient.
Elsewhere in Asia, stock exchanges in Shanghai, Hong Kong, Tokyo and Seoul were positively trading during the session.
Wall Street stocks ended with an increase in overnight trading.
Meanwhile, international oil benchmark Brent crude was trading at $ 68.48 a barrel, up 0.57%.
Sensex collected over 400 points in its early transactions.Index Major TCS, Reliance Industries-Business News, Profit Tracking
Source link Sensex collected over 400 points in its early transactions.Index Major TCS, Reliance Industries-Business News, Profit Tracking