The rupee, meanwhile, edged higher by 30 paise at 79.39 against the US dollar in early trade
The rupee, meanwhile, edged higher by 30 paise at 79.39 against the US dollar in early trade
For the third day running on Friday, the benchmark indices continued to rise and the Sensex rose 619 points to 57,000 in early trade.
The 30-share BSE benchmark jumped 619.27 points to 57,477.06. The broader NSE Nifty rose 189.15 points to 17,118.75.
Among Sensex constituents, Tata Steel, Bajaj Finserv, Asian Paints, Bajaj Finance, Mahindra & Mahindra, NTPC, Maruti Suzuki, Infosys, Power Grid and Kotak Mahindra Bank were the top gainers during early trade.
Only Dr. Reddy’s and Sun Pharma were lagging behind.
In Asia, markets in Seoul and Tokyo were trading in the green, while Shanghai and Hong Kong declined.
On Thursday, the US markets closed with gains.
The BSE benchmark had closed 1,041.47 points or 1.87% higher at 56,857.79 on Thursday. Nifty rose 287.80 points or 1.73% to 16,929.60.
Meanwhile, international oil benchmark Brent crude fell 0.02% to $107.12 a barrel.
Foreign institutional investors became net buyers in the capital market as they bought shares worth Rs 1,637.69 crore on Thursday, according to exchange data.
VK Vijayakumar said, “In India, the big positive for the market is that FIIs are significantly reducing their sales and even becoming buyers for 8 days this month. Expected performance of financial performance is good. Q1 results indicate an improvement in prospects for this segment,” said VK Vijayakumar. Chief Investment Strategist at Geojit Financial Services.