Stock Market Updates: Sensex jumps over 250 points, Nifty above 16,000; key points

The Indian stock market opened in the green on Friday morning. The Sensex was up 280.27 points or 0.52 per cent at 53696.42, and nifty 16023 was up 84.30 points, or 0.53 per cent.

Bharti Airtel, SBI, Bajaj Finance, IndusInd, L&T, Kotak Bank, HUL, Axis Bank, Infosys and Tech M were the gainers in the Sensex, while HCL Tech, M&M and Tata Steel opened in the red.

The broader markets also opened in the green. BSE Midcap and Smallcap indices rose up to 0.5 per cent.

global signal

Globally, the Dow Jones and the S&P 500 lost 0.4 per cent and 0.3 per cent, respectively, in US markets on Thursday. However, investors turned their attention to growth stocks, with the Nasdaq Composite up 0.03 per cent.

That said, Asia-Pacific markets traded on a volatile note on Friday morning. While Japan’s Nikkei 225 rose 0.3 per cent, Hong Kong’s Hang Seng index fell 0.9 per cent.

Meanwhile, crude oil prices rose on Friday amid uncertainty over a rate hike by the US Fed. Brent crude rose 0.9 per cent to $100 a barrel and WTI crude was up 0.7 per cent to $96 a barrel.

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