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Sensex Gains Over 200 Points, Nifty Above 15,700; Infosys, TCS Gain

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At 9:20 am, the BSE Sensex was trading at 52,536.06, higher by 205.30 points or 0.36 per centThe domestic stock markets have opened firm on the last day of the trading week, rebounding from the moderate losses in the previous session, on the back of positive international cues.

At 9:20 am, the BSE Sensex was trading at 52,536.06, greater by 205.30 points or 0.36 per cent and the NSE Nifty was at 15,727.30, up 29.89 points or 21 per cent.

The IT index has actually jumped nearly 1 per cent to lead the gains on the bourses.

The more comprehensive markets are trading mixed, with the BSE Midcap index losing 0.3 per cent and the BSE Midcap index acquiring 0.1 per cent.Asian markets were blended in Friday early morning trade following an overnight drop for the Dow Jones Industrial Average on Wall Street.

In Japan, the Nikkei 225 got 0.14 per cent while the Topix index slipped 0.55 percent.

South Korea's Kospi traded fractionally higher.

The S&P/ ASX 200 in Australia advanced 0.17 per cent.U.S.

technology shares got on Thursday on optimism around a rapid economic recovery, although the Federal Reserve's all of a sudden hawkish message on financial policy kept the S&P 500 subdued.The Dow Jones was down 0.57 per cent, while the S&P 500 was up 0.06 per cent and Nasdaq Composite was up 1.09 per cent.Meanwhile, petroleum costs fell almost 2 per cent from their highest level in years on June 17 as the dollar enhanced after the US Federal Reserve signified it might raise rate of interest as quickly as 2023.

Brent futures fell $1.31, or 1.8 percent, to settle at $73.08 a barrel, while U.S.

West Texas Intermediate (WTI) crude fell $1.11, or 1.5 percent, to settle at $71.04.

On the profits front, Ashoka Buildcon, Archidply Industries and Balaji Telefilms will reveal their quarterly results during the day.On the stock-specific front, Bajaj Finserv has actually rallied 1.5 per cent to Rs 11,997 to top the gainer's list on the BSE.

Information technology stocks have actually also built on recent gains, with Infosys, TCS and HCL Tech getting around a percent each.On the other hand, metal stocks are trading weak, with Hindalco, JSW Steel and Tata Steel losing around a per cent each on the BSE.The BSE market breadth is strong.

Out of 2,598 stocks traded on the BSE, there are 1,478 advancing stocks as versus 1,025 decreases.




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