Stock Market: Sensex Rises Over 200 Points, Nifty Around 19,450 On Mixed Trends. Zomato Surges 13%

Stock update: On the 30-share Sensex platform, Wipro, TechM, HCL, TCS, Nestle, Infosys were trading in the green. PowerGrid, Tata Motors, HUL, Bajaj Finserv, NTPC, Kotak Bank emerged early losers

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.5 per cent.

Source : Getty

After a three-day losing run, the two key equity benchmarks, Sensex and Nifty, on Friday, were trading on a positive note amid mixed global trends. The index heavyweights across sectrors are trading in the positive zone. At 9.56 am, the BSE Sensex went up by 223 points to 65,464. On the other hand, the NSE Nifty50 was trading at 19,457, up 76 points.

On the 30-share Sensex platform, Wipro, TechM, HCL, TCS, Nestle, Infosys were trading in the green. On the downside, PowerGrid, Tata Motors, HUL, Bajaj Finserv, NTPC, Kotak Bank emerged early losers. Among individual stocks, shares of Zomato soared 13 per cent to hit 52-week high after the food aggregator turned profitable for the first time ever in the first quarter (Q1) of 2023-24 (FY24). Shares of Hindustan Construction rallied 3 per cent after the board approved to raise funds up to Rs 300 crore via rights issue.

#ABPStockMarketWatch | Sensex & Nifty were trading higher tracking mixed global trends, on Friday

At 10:08 AM, #Sensex rose by 253 points to 65,494 & #Nifty by 100 points to 19,481

Here's a look at the stocks in focus:#ABPLive #MarketWatch pic.twitter.com/uNC8HcjDkz

— ABP LIVE (@abplive) August 4, 2023

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.5 per cent.

Sectorally, Nifty Metal, Nifty Auto, and Nifty Consumer Durables were up to 0.8 per cent.

In the previous session on Thursday, the BSE Sensex ended 542 points lower at 65,241, while the Nifty50 fell 145 points 19,381.

In Asian markets, Shanghai, and Hong Kong were trading in the positive territory while Seoul and Tokyo quoted lower. The US markets ended marginally lower on Thursday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 317.46 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude climbed 0.12 per cent to $85.24 a barrel.

The rupee witnessed a range-bound trading against the US dollar in early trade on Friday, as the support from positive domestic equities was negated by firm crude oil prices.

Forex traders said the rupee opened on a flat note as losses in dollar index, and positive Asian currencies supported sentiments, while rise in crude oil prices dented investors.

At the interbank foreign exchange, the rupee was trading in a narrow range. It opened at 82.73 against the dollar, and touched a low of 82.77 and a high of 82.72.

On Thursday, the rupee closed at 82.74 against the US currency.