Greenery continues in the stock market; Sensex climbs 267 points, Nifty crosses 23250
Sensex Opening Bell: In early trade on Friday, the 30-share BSE Sensex fell 252.8 points to 76,095.26 points. At the same time, the NSE Nifty fell 57.85 points to 23,132.80 points. However, later both the benchmark indices made up for the initial losses and were seen trading with gains. Let us know the detailed market situation.
The major indices Sensex and Nifty opened down on Friday but gained strength thereafter. Later on, there was buying with gains as investor sentiments improved due to fresh foreign capital inflows.
In early trade, 30-share BSE Sensex fell by 252.8 points to stand at 76,095.26 points. NSE Nifty fell by 57.85 points to stand at 23,132.80 points. However, later on, both the benchmark indices regained losses and were trading with gains. The BSE benchmark index was up by 205.09 points to stand at 76,550.97 and the Nifty was up by 70.05 points to stand at 23,262.55.
The Sensex stocks included Bajaj Finance, Nestle, Kotak Mahindra Bank, NTPC, Maruti, Power Grid, Adani Ports, Tata Motors, Reliance Industries and Bajaj Finserv. However, Infosys, Titan, HCL Tech, Tata Consultancy Services, HDFC Bank, IndusInd Bank, Tech Mahindra, Asian Paints, and Zomato lagged behind.
Want to get your story featured as above? click here!
Want to get your story featured as above? click here!
In Asian markets, Seoul and Tokyo were trading in the positive zone while Shanghai and Hong Kong declined. US markets closed with a slight decline on Thursday. Foreign institutional investors (FIIs) bought equities worth Rs 3,239.14 crore on Thursday, according to exchange data.
VK Vijayakumar, chief investment strategist at Geojit Financial Services, said, "The market has rallied this week, with the Nifty gaining 3.5%. The rally comes at a time when trade tensions are rising and more upside is expected after the reciprocal tariffs come into effect on April 2. The main reason for the rally is the buying done by FIIs in the cash market in the past two days." Global oil benchmark Brent crude rose 0.43% to $72.31 per barrel.
On Thursday, the BSE benchmark index had closed 899.01 points, or 1.19%, higher at 76,348.06. The Nifty had closed 283.05 points, or 1.24%, higher at 23,190.65, reclaiming the 23,000 mark.
