Share Market Today: Sensex Rises 350 Points; Nifty At 23,450. All Sectors In The Green
Share Market Today: On the 30-share Sensex platform, SBI, ICICI Bank, PowerGrid, TechM, UltraCemco, HCLTech emerged gainers
Share Market Today: The two key equity benchmark indices, Sensex and Nifty, bounced back in early trade on Friday, tracking strong global cues. At 9.45 am, the BSE Sensex gained 347 points to 77,502. On the other hand, the NSE Nifty50 jumped 87 points to 23,437.
Stock update
On the 30-share Sensex platform, SBI, ICICI Bank, PowerGrid, TechM, UltraCemco, HCLTech emerged gainers. On the down side, Adani Ports, M&M, Axis Bank, Sun Pharma, Maruti, and Tata Steel were among the losers.
In the broader markets, the Nifty Midcap 100 rose by 0.62 per cent while the Nifty Smallcap 100 gained by 0.71 per cent.
India VIX, the risk gauge, was lower by 2.20 per cent.
Sectoral update
All sectoral indices were trading in positive territory, led by the PSU Bank index, which gained 1.75 per cent, followed by Realty and Oil.
In the previous session on Thursday, the BSE benchmark Sensex declined 423 points to end at 77,155, while the NSE Nifty50 sank 169 points to 23,350.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,320.68 crore on Thursday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 4,200.16 crore, according to exchange data.
Global markets
In Asian markets, Seoul and Tokyo were trading in the positive territory, while Shanghai and Hong Kong quoted lower. The US markets ended higher on Thursday.
Global oil benchmark Brent crude climbed 0.26 per cent to $74.42 a barrel.
Rupee rises 3 paisa
Rupee opened on a flat note and rose just 3 paise from its all-time low level to 84.47 against the US dollar in morning trade on Friday, as the support of positive domestic equities was negated by geopolitical pressures and unabated foreign portfolio outflows.
The US dollar strengthened in the overseas market and Brent oil continued to move up as fighting between Ukraine and Russia continued to gain investors' attention. Moreover, foreign institutional investors have continued their equities selling mode and kept the dollar well bid.
At the interbank foreign exchange, the rupee opened at 84.48 and moved in a tight range and touched 84.47 against the greenback, registering a gain of just 3 paise over its previous close. On Thursday, the rupee depreciated 8 paise to settle at an all-time low of 84.50 against the US dollar.
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