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Equity benchmark indices opened in green on Friday with BSE Sensex rising 100 points to 74,439 and the NSE Nifty50 advancing by 29 points to 22,600.
Tech Mahindra, HCL Tech, Ultratech Cement, IndusInd Bank, JSW Steel, Sun Pharma, NTPC, ITC, and HDFC Bank led the gains on the Sensex, while Bajaj Finance and Asian Paints were trading in red.
On the other hand, Shriram Finance and SBI Life were among top gainers on NSE Nifty 50 while Eicher Motors and Bajaj Finserv were among the top losers.
The broader markets opened strong with both the BSE MidCap and SmallCap indices gaining 0.36 and 0.54 per cent respectively.
Nifty Metal, Nifty IT, Nifty Realty, Nifty Pharma, and Nifty Consumer durables lead sectoral gains on the NSE.
Global Cues
Elsewhere in Asia, Japan’s Nikkei was up 0.3 per cent ahead of the Bank of Japan’s interest rate decision.
South Korea’s Kospi, Hong Kong’s Hang Seng, and China’s Shanghai Composite, too, added up to 1 per cent.
ASX 200, however, was down 1.15 per cent.
Overnight in the US, stocks tumbled after data showed the US gross domestic product expanded slower than expected at 1.6 per cent in the first quarter.
Additionally, the personal consumption expenditures price index increased at a 3.4 per cent pace, well above the previous quarter’s 1.8 per cent advance.
The Dow Jones Industrial Average slid 0.98 per cent, the S&P 500 dropped 0.46 per cent, and the Nasdaq Composite lost 0.64 per cent.