Stock Market

Sensex jumps 150 points, Nifty tops 11,600 amid firm global cues

   Download Android App    Share in      FullScreen   CheckVideos

NEW DELHI: Domestic equity indices opened higher on Friday, tracking gains in global peers amid revived hopes of progress in US-China trade talks. The domestic currency edged higher amid firm foreign inflows which lent further support to the market sentiment.

The rupee on Friday opened 15 paise higher at 69.18 against the US dollar due to some selling in American currency by banks and importers.

At around 9:30 am, BSE Sensex was trading higher by 169 points, or 0.44 per cent at 38,714.

Meanwhile, and its NSE counterpart Nifty surged 48 points, or 41 per cent to 11,618. The ongoing rally could extend till 11,650-11,680 zone; while on the flip side, levels of 11,400 could act as an immediate floor.

Nifty internals suggests that recent rally has been broad-based compared to previous ones as 29 stocks from the index have outperformed Nifty so far," YES Securities said in a report. In the Sensex pack, 25 stocks traded in the green while five in the red.

Vedanta was the biggest gainer, up 2.3 per cent, followed by YES bank, Tata Motors, Tata Steel, Sun Pharma and MM.

On the other hand, IndusInd Bank was leading the loser pack, falling 1.14 per cent.

Among other losers were Bajaj Auto, Bajaj Finance, Coal India, Powergrid and HDFC. Reliance Industries was the biggest contributor and IndusInd Bank was the worst drag. At the same time, in the 50 pack index, 33 stocks advanced while 17 declined. On the BSE sectoral front, barring finance, realty and bankex all other sectors were trading higher.

Metals, healthcare and telecom surged the most, gaining 1.57 per cent, 1.24 per cent and 1.20 percent respectively. Furthermore, BSE Midcap and BSE Smallcap were trading higher by 0.61 per cent and 0.50 per cent, respectively. Foreign portfolio investors (FPIs) bought Rs 3,595 crore worth of domestic stocks on Thursday, data available with NSE suggested.

DIIs were net sellers to the tune of Rs 2,080 crore, data suggested On the global front, MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent while Japan's Nikkei rose 1 per cent.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


{"error":"Deprecated endpoint, see https:\/\/firebase.google.com\/docs\/cloud-messaging\/migrate-v1"}21