Sensex rises over 200 pts; Nifty above 12,200

Mumbai: Market benchmark Sensex jumped over 200 points in opening session on Friday driven by gains in HDFC twins, ICICI Bank and Infosys amid strong foreign fund inflow.

The 30-share BSE index was trading 233.20 points or 0.56 per cent higher at 41,692.99, and the broader NSE advanced 59.85 points, or 0.49 per cent, to 12,234.50.

Also Read: Sensex, Nifty open in the red on dismal macro data

All Sensex components were trading on a positive note with Asian Paints rising up to 1.33 per cent, followed by HDFC, HCL Tech, UltraTech Cement, Bharti Airtel and L&T.

In the previous session, Sensex settled 106.11 points or 0.26 per cent, lower at 41,459.79, and Nifty dropped 26.55 points or 0.22 per cent to close at 12,174.65.

Also Read | Rupee at 19-mth low; down 30 paise against US dollar

Meanwhile, on a net basis, foreign institutional investors bought equities worth Rs 1,061.39 crore, while domestic institutional investors sold shares worth Rs 960.48 crore on Thursday, data available with stock exchanges showed.

According to traders, domestic equities advanced tracking significant foreign fund inflow ahead of the release of wholesale inflation data.

Also Read: Sensex drops over 150 pts; Tata Steel cracks 5 pc

Globally, concerns over rising cases of coronavirus patients kept investors on edge, they said.

Also Read | Rupee recovers from 1-month low, up 32 paise

Bourses in Shanghai, Hong Kong and Seoul were trading on a positive note, while those in Tokyo slipped in the red.

Also Read: RBI keeps benchmark interest rate unchanged at 5.15 pc

Stock exchanges on Wall Street closed with losses on Wednesday.

Meanwhile, the rupee depreciated 5 paise against the US dollar to 71.31 in morning session.

Global crude benchmark Brent slipped 0.12 per cent to USD 56.27 per barrel. (PTI)

• #business
• #Sensex
• #Nifty
• #BSE
• #NSE
• #Rupee
• #Paise
• #Dollar