‘Sensex’ jumped by 359 points in early trade, ‘Nifty’ also strong

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Mumbai: Both the major indices of the domestic stock markets registered gains in early trade on Friday on the back of a positive trend in global markets and support from foreign institutional investors. In early trade, the 30-share BSE benchmark index Sensex jumped 358.91 points to reach 65,917.80. The NSE index Nifty also gained 106.65 points to reach 19,520.40. Buying in information technology (IT) companies also helped the stock markets continue their rally.

Among the Sensex constituents, HCL Technologies, Infosys, Tech Mahindra, State Bank of India, UltraTech Cement, Tata Steel, Tata Consultancy Services, ICICI Bank and Kotak Mahindra Bank were among the gainers. On the other hand, Power Grid, Mahindra & Mahindra, NTPC and Reliance Industries declined. In Asian markets, South Korea’s Cospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hangseng were trading with gains.

There was a bullish atmosphere in the American markets too on Thursday. According to data from the stock market, foreign institutional investors (FIIs) again started buying and bought shares worth Rs 2,237.93 crore on Thursday. The BSE Sensex on Thursday closed at 65,558.89, up 0.25 per cent after touching a high of 66,064.21. The Nifty was up 0.15 per cent at 19,413.75. Meanwhile, global oil benchmark Brent crude rose 0.07 per cent to $81.42 per barrel.

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