Mumbai: Benchmark Index Sensex And nifty Tracking weak global markets opened on a muted note on Friday, but reclaimed lost ground to trade with significant gains within minutes. 30-share BSE The Sensex opened with a loss of 414.44 points at 55,049.95 in early trade. But, within minutes, it surpassed all its losses and jumped 268.39 points to 55,732.78.
Similarly, broad If Nifty fell 124 points to 16,470.90 in early trade. Buying began soon thereafter, and the 30-share index was up 70.70 points at 16,665.60.
Tata Steel, Axis Bank, Bajaj Finance, Sun Pharma and Bajaj Finserv were among the gainers in the 30-share Sensex pack, while others including Maruti Suzuki India, Nestle, Infosys, Wipro were trading lower.
In the previous trade, the Sensex closed at 55,464.39, up 817.06 points, or 1.50 per cent. Similarly, the Nifty jumped 249.55 points or 1.53 per cent to end at 16,594.90.
Borrowers in Hong Kong, Tokyo and Shanghai were bidding low during mid-session deals.
Stock exchanges in the US closed at lower levels on Thursday.
Bulldozing a resurgent Rainbow coalition led by the Samajwadi Party, the BJP on Thursday returned to power in Uttar Pradesh, and retained Uttarakhand, Manipur and Goa, while Arvind Kejriwal’s AAP secured a three-fourth majority in Punjab. Won a splendid victory. Crushing your rivals.
Foreign institutional investors continued their sell-off in the Indian markets and sold shares worth Rs 1,981.15 crore on a net basis on Thursday, according to exchange data.
“Global Share Market It broke down on Thursday as key peace talks between Russia and Ukraine stalled. With the victory of BJP, confidence in the market has increased. However, with ECB and US Federal Reserve meetings being held in the coming days, caution is advised,” Mohit Nigam, Head – PMS, Hem Securities, said.
Similarly, broad If Nifty fell 124 points to 16,470.90 in early trade. Buying began soon thereafter, and the 30-share index was up 70.70 points at 16,665.60.
Tata Steel, Axis Bank, Bajaj Finance, Sun Pharma and Bajaj Finserv were among the gainers in the 30-share Sensex pack, while others including Maruti Suzuki India, Nestle, Infosys, Wipro were trading lower.
In the previous trade, the Sensex closed at 55,464.39, up 817.06 points, or 1.50 per cent. Similarly, the Nifty jumped 249.55 points or 1.53 per cent to end at 16,594.90.
Borrowers in Hong Kong, Tokyo and Shanghai were bidding low during mid-session deals.
Stock exchanges in the US closed at lower levels on Thursday.
Bulldozing a resurgent Rainbow coalition led by the Samajwadi Party, the BJP on Thursday returned to power in Uttar Pradesh, and retained Uttarakhand, Manipur and Goa, while Arvind Kejriwal’s AAP secured a three-fourth majority in Punjab. Won a splendid victory. Crushing your rivals.
Foreign institutional investors continued their sell-off in the Indian markets and sold shares worth Rs 1,981.15 crore on a net basis on Thursday, according to exchange data.
“Global Share Market It broke down on Thursday as key peace talks between Russia and Ukraine stalled. With the victory of BJP, confidence in the market has increased. However, with ECB and US Federal Reserve meetings being held in the coming days, caution is advised,” Mohit Nigam, Head – PMS, Hem Securities, said.