Extending its previous day’s rally, the 30-share BSE benchmark climbed 261.95 points to 60,018.79. Similarly, the broader NSE Nifty rose 68.85 points to 17,805.80. reached at
Extending its previous day’s rally, the 30-share BSE benchmark climbed 261.95 points to 60,018.79. Similarly, the broader NSE Nifty rose 68.85 points to 17,805.80. reached at
Equity benchmarks, which traded higher in early trade on Friday, helped fresh foreign fund inflows along with buying in index major Reliance Industries and banking counters.
Extending its previous day’s rally, the 30-share BSE benchmark climbed 261.95 points to 60,018.79. Similarly, the broader NSE Nifty rose 68.85 points to 17,805.80.
Reliance Industries, HDFC, Bajaj Finance, Bajaj Finserv, NTPC, Maruti and Kotak Mahindra Bank were the major winners in the Sensex pack.
Tata Steel, Sun Pharma, Nestle and ICICI Bank were among the laggards.
Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong declined.
Wall Street closed on a mixed note on Thursday.
On Thursday, the BSE benchmark had climbed 212.88 points or 0.36% to end at 59,756.84. Nifty closed 80.60 points or 0.46% higher at 17,736.95.
“In India, even though valuations look higher from a short-term perspective, there are favorable factors that could propel the market up. The key positive is the decline in US 10-year bond yields below 4% which prompts FPIs to buy Instead of selling in the near term, said VK Vijayakumar, chief investment strategist, Geojit Financial Services. Encouraging second quarter results will provide fodder to the bulls.”
International oil benchmark Brent crude was trading 0.8% lower at $96.18 per barrel.
Foreign institutional investors (FIIs) became buyers on Thursday as they bought shares worth Rs 2,818.40 crore, according to exchange data.