India’s equity benchmarks started in the green on Friday, extending their gains for the second straight session amid positive signals from global markets. Asian stocks jumped today, following an overnight rise on Wall Street.
Trends in Nifty Futures on Singapore Exchange (SGX Nifty) indicated a higher start for national indices.
The 30-stock BSE Sensex climbed 604 points or 1.16% to 52,870 in early trading, while the broader NSE Nifty rose 175 points or 1.12% to trade at 15,732.
Mid and small cap stocks were trading on a strong note today, with the Nifty Midcap 100 up 0.93% and small caps up 1.26%.
All 15 sector indicators – compiled by the National Stock Exchange – were trading in the green. The Nifty Bank and Nifty FMCG sub-indices outperformed the NSE platform rising as much as 1.55% and 1.17%, respectively.
On the equity-specific front, IndusInd Bank was Nifty’s top gainer as the stock climbed 3.10% to Rs 809.25. Hindustan Unilever, Tata Consumer Products, Bharti Airtel and ICICI Bank were also among the winners.
The overall market breadth was positive as 1,794 stocks were up while 361 were down on BSE.
On the 30-stock BSE index, 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 among the top gainers.
Additionally, shares of Life Insurance Corporation of India (LIC), the country’s largest insurer and largest domestic financial investor, rose 0.56% to trade at Rs 668.60.
In contrast, Tech Mahindra and Asian Paints were trading in the red.
Sensex jumped 443 points or 0.86% to close at 52,266 on Thursday, while Nifty was up 143 points or 0.93% to 15,557.