Equity benchmarks started trading on a positive note on Friday with largely strong Asian markets and ahead of the outcome of RBI’s policy meeting.
The 30-share BSE benchmark climbed 227.89 points to 58,526.69 in early trade. The broader NSE Nifty rose 64.35 points to 17,446.35.
Sensex constituents UltraTech Cement, Bharti Airtel, Larsen & Toubro, Wipro, Dr Reddy’s Laboratories, State Bank of India, ICICI Bank and Titan were the major gainers.
Reliance Industries, Maruti Suzuki India, IndusInd Bank and HDFC were among the laggards.
In Asia, markets in Seoul, Shanghai and Tokyo were trading in the green, while Hong Kong declined.
On Thursday, the US markets closed with a mixed trend.
The BSE Sensex closed down 51.73 points or 0.09 per cent at 58,298.80 on Thursday. Nifty closed 6.15 points or 0.04 per cent lower at 17,382.
Meanwhile, international oil benchmark Brent crude rose 0.15 per cent to $94.26 per barrel.
Foreign institutional investors remained net buyers in the capital market as they bought shares worth ₹1,474.77 crore on Thursday, according to exchange data.
“Market momentum is now influenced by global cues and strong FII buying… Brent crude decline by USD 94 is positive for India’s macros and a fall below 106 in dollar index is again good for capital inflows into India. kind of signals.” VKVJayakumar, Chief Investment Strategist, Geojit Financial Services said.