Sensex rises over 600 points amid positive global cues, Nifty trades above 15,700

Today the Sensex and Nifty started with a good start.

New Delhi:

Indian equity benchmarks started in the green on Friday amid positive cues from global markets, extending their gains for the second straight session. Asian stocks jumped today, tracking overnight gains in Wall Street.

Nifty futures trend on the Singapore Exchange (SGX Nifty) indicated a higher opening for the domestic indices.

The 30-share BSE Sensex climbed 604 points or 1.16 per cent to 52,870 in opening session, while the broader NSE Nifty was trading 175 points or 1.12 per cent higher at 15,732.

Mid- and small-cap stocks were trading on a strong note today as Nifty Midcap 100 rose 0.93 per cent and small-cap by 1.26 per cent.

All 15 sector gauges – compiled by the National Stock Exchange – were trading in the green. The sub-indices Nifty Bank and Nifty FMCG were outperforming the NSE platform, rising 1.55 per cent and 1.17 per cent respectively.

On the stock-specific front, IndusInd was the top gainer in Bank Nifty as the stock rose 3.10 per cent to Rs 809.25. Hindustan Unilever, Tata Consumer Products, Bharti Airtel and ICICI Bank were also gainers.

Overall market breadth was positive as 1,794 shares were leading while 361 were falling on the BSE.

IndusInd Bank, HUL, Airtel, ICICI Bank, Reliance Industries, UltraTech Cement, Tata Steel, SBI, Kotak Mahindra Bank, Dr Reddy’s, HDFC Bank and Bajaj Finance were the top gainers on the 30-share BSE index.

Also, shares of Life Insurance Corporation of India (LIC), the country’s largest insurance company and the largest domestic financial investor, were trading 0.56 per cent higher at Rs 668.60.

In contrast, Tech Mahindra and Asian Paints were trading in the red.

On Thursday, the Sensex had jumped 443 points or 0.86 per cent to end at 52,266, while the Nifty was up 143 points or 0.93 per cent to end at 15,557.


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