Highlight
- The BSE Sensex climbed 342.07 points to end at 59,108.66.
- Markets in Seoul and Shanghai were trading with gains.
- Foreign institutional investors (FIIs) offloaded shares worth Rs 2,290.31 crore.
Benchmark indices edged up in early trade on Friday after falling the previous day amid mixed global market sentiment. The BSE Sensex climbed 342.07 points to end at 59,108.66 in early trade. Similarly, the NSE Nifty closed 101.05 points higher at 17,643.85.
From the Sensex pack, NTPC, ITC, Bajaj Finance, Kotak Mahindra Bank, Larsen & Toubro, Titan, Mahindra & Mahindra and Asian Paints were among the gainers in early trade. Tata Steel, IndusInd Bank, Reliance Industries, HDFC, UltraTech Cement and Bajaj Finserv were among the laggards. Elsewhere in Asia, markets in Seoul and Shanghai were trading higher, while Tokyo and Hong Kong were quoted lower in mid-session deals.
The US markets closed mostly with gains on Thursday. The BSE benchmark closed 770.48 points or 1.29 per cent lower at 58,766.59 on Thursday. Nifty closed at 17,542.80, down 216.50 points or 1.22 per cent. Meanwhile, international oil benchmark Brent crude climbed 1.87 per cent to $94.09 a barrel. Foreign institutional investors (FIIs) offloaded shares worth Rs 2,290.31 crore on Thursday, according to exchange data.
Mehta Senior Vice President (Research) Prashant Taapsee said, “Local benchmark indices are likely to rise in early trade on Friday amid cues from mixed Asian markets, and if global cues improve, Nifty may rise higher. likely to arrive.” Equities Limited said in its pre-opening market remarks.
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