Sensex, Nifty open on positive note amid firm global cues

Samir SharmaJun 25, 2021Business

Image Source : PTI

Equity benchmark Sensex and Nifty opened on a positive note on Friday amid a firm trend in global markets.

Equity benchmark Sensex and Nifty opened on a positive note on Friday amid a firm trend in global markets. The 30-share BSE index was trading 65.90 points or 0.13 per cent higher at 52,764.90 in initial deals. Similarly, the broader NSE Nifty advanced 32 points or 0.20 per cent to 15,822.45.

Tata Steel was the top gainer in the Sensex pack, rising over 3 per cent, followed by Maruti, HCL Tech, ICICI Bank, Maruti, Axis Bank and SBI. On the other hand, Reliance Industries, HUL, Asian Paints, Kotak Bank and Nestle India were among the laggards.

In the previous session, the 30-share index Sensex ended 392.92 points or 0.75 per cent higher at 52,699. Similarly, the broader NSE Nifty surged 103.50 points or 0.66 per cent to 15,790.45.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 2,890.94 crore on Thursday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look to be muted as of now.

“While Indian equities remained buoyant led by improved prospects of economic recovery in the backdrop of sharp contraction in daily caseload and ramp-up in vaccination programme, a sharp rise in crude price with Brent surpassing USD 75/barrel and recent weakness in INR have emerged as key overhangs for the market,” he noted.

On the global front, he said, US equities recovered sharply after President Joe Biden announced that he has reached a deal with a bipartisan group of lawmakers on an infrastructure plan.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with gains in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.22 per cent higher at USD 75.73 per barrel.

Also Read: SBI launches Aarogyam Healthcare Business Loan to support country’s healthcare ecosystem

Also Read: Reliance AGM: JioPhone Next, update on $15 billion Aramco deal – Big announcements by Mukesh Ambani

Latest Business News

Stay connected with us on social media platform for instant update click here to join our T witter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here

For the latest news and updates, follow us on Google News.

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.