Sensex reached over 550 points, convenient transactions over 17,250; NTPC, Mahindra & Mahindra, ONGC in Top Gainers
New Delhi: Indian equity benchmarks on Friday traded higher in opening trades by buying in all sectors amid positive signals globally. Asian stocks rallied to some sharp losses from the previous session after US markets capped further declines from hawkish comments by the US Federal Reserve. U.S. stock futures rose in Asia after Apple reported record sales for the holiday quarter, beating estimates.
Going home, as of 9:22 a.m., BSE Sensex 30 share rose 579 points or 1.01% to 57,856; while the broader NSE Nifty rose 153 points, or 0.89%, to 17,263.
Small- and mid-cap stocks were positive as the Nifty Midcap 100 index gained 1.43% and small-cap stocks traded 1.78% higher.
On the stock-specific front, NTPC is the top gainer Nifty stock as the stock is up 3.22% to Rs 139.35. Mahindra and Mahindra (M&M), ONGC, Tata Consumer Products and Tata Steel were also among the gainers. In contrast, the HDFC twins (HDFC and HDFC Bank) were among the losers.
Market breadth was quite strong with 2,052 shares gaining while 556 stocks declined on BSE.
On the 30-stock BSE platform, NTPC, M&M, Wipro, Tata Steel, Sun Pharma, Tech Mahindra, IndusInd Bank and Titan attracted the most returns with their shares up as much as 3.82%.
On Thursday, Sensex fell 581 points or 1% to close at 57,277, while the broader NSE Nifty hit 168 points or 0.97% lower at 17,110.