Share Market: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows. In early trade, the 30-share BSE Sensex gained 280.62 points to reach 63,198.25 points. The NSE Nifty climbed 82.8 points to reach 18,770.90.
From the Sensex pack, UltraTech Cement, State Bank of India, Nestle, ICICI Bank and Reliance Industries were the major gainers. Tata Consultancy Services, Wipro, Power Grid and Maruti were the biggest losers.
In Asian bourses, Seoul, Shanghai and Hong Kong were trading in the green, while Tokyo declined. US markets closed with significant gains on Thursday. “Net buyers of Rs 3,086 crore from FIIs in tomorrow’s trade may weigh on the sentiment,” said Prashant Tapase, Senior VP (Research), Mehta Equities Ltd.
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Global oil benchmark Brent crude slipped
Global oil benchmark Brent crude fell 0.25 per cent to $75.49 per barrel. Foreign institutional investors (FIIs) bought equities worth Rs 3,085.51 crore on Thursday, according to exchange data.
On Thursday, the Sensex closed at 62,917.63, down 310.88 points or 0.49 per cent. The Nifty closed at 18,688.10, down 67.80 points or 0.36 per cent.
Rupee appreciates 30 paise against dollar
Meanwhile, the rupee appreciated 30 paise to 81.95 against the US dollar in early trade on Friday, tracking gains in domestic equities and fall in crude oil prices. Analysts said FII inflows into local equities also boosted the rupee sentiment. At the interbank foreign exchange, the domestic unit opened higher at 81.97, and then moved higher at 81.95, registering a rise of 30 paise over its previous close.
(With PTI inputs)