Major benchmark indices Sensex and Nifty opened on a positive note on Friday amid a global selloff in the past one week.
Among Sensex-30 stocks, NTPC, Tata Steel, Bharti Airtel, Titan, Wipro, Bajaj Finance, IndusInd Bank and M&M were the top gainers. Among the broader markets, BSE Midcap and Smallcap indices were also in the green zone by over 1 per cent respectively.
global signal
Hong Kong shares opened slightly higher on Friday morning as traders struggled to cap a painful week on a slightly optimistic note, after another weak showing on Wall Street as sentiments were hurt by a rise in US rates. The Hang Seng index gained 0.05 per cent or 11.94 points to end at 23,818.94. The Shanghai Composite Index rose 0.39 per cent, or 13.35 points, to 3,407.59.
Tokyo’s major Nikkei index opened higher on Friday, having rebounded from sharp losses in the previous session. The benchmark Nikkei 225 index rose 1.17 per cent, or 307.38 points, to 26,477.68 in early trade, while the broader Topix index rose 1.22 per cent, or 21.88 points, to 1,864.32. It came after Tokyo shares fell more than three percent on Thursday, following US Fed Chairman Jerome Powell’s announcement that a hike in rates is likely in March.
Another volatile day of trading on Wall Street ended Thursday, with shares falling after abandoning an early rally. The late afternoon fade extended the market’s losing streak as it closed in on its fourth weekly loss. The S&P 500 fell 23.42 points to end at 4,326.51, its third consecutive decline. The Dow closed down 7.31 points at 34,160.78. The Nasdaq closed 189.34 points lower at 13,352.78. The Russell 2000 fell 45.18 points to 1,931.29.
Oil prices edged lower after Brent crude hit a seven-year high of $90 a barrel as markets balanced concerns about tight supplies around the world, with hopes the US Federal Reserve will soon ease monetary policy. will tighten it.
Benchmark Brent fell 15 cents to $89.81 a barrel, while US crude fell 20 cents to $87.15 a barrel, seeing both contracts between positive and negative territory.
read all breaking news, today’s fresh news And coronavirus news Here.
,