Mumbai: Sensex’s benchmark stock rose more than 150 points in early trading on Friday, checking gains in index benefits HDFC Twins, Asian Paints and HCL Tech amid largely positive indications of world markets.
The BSE index of 30 stocks traded 160.43 points or 0.33 percent higher at 48,964.11.
Similarly, the broader NSE Nifty rose 63.35 points or 0.43 percent to 14,644.80.
UltraTech Cement was the best gain in the Sensex package, with more than 2 percent, followed by Asian Paints, HCL Tech, HDFC, Tech Mahindra and M&M.
On the other hand, ICICI Bank, Reliance Industries, Bajaj Finance and Axis Bank were among the underprivileged.
In the previous session, Sensex finished 259.62 points or 0.53 percent higher at 48,803.68, and Nifty advanced 76.65 points or 0.53 percent to 14,581.45.
According to preliminary exchange data, foreign institutional investors were net buyers in the capital market on Thursday, as they bought shares worth Rs 979.70 million.
A continuing surge in the second wave of COVID-19 cases in the country, which have already exceeded two daily cases, have certainly turned off investors’ sentiments.
“The strong effort of the government to accelerate the progress of vaccination in the country by allowing multinational vaccines in domestic markets and the absence of full lock-in in Maharashtra and Delhi, offers shares some comfort,” Binod Modi’s main strategy said at Reliance Securities said.
Elsewhere in Asia, the stock market in Shanghai, Hong Kong and Tokyo traded on a positive note in mid-session transactions, while Seoul was in the red.
Shares on Wall Street also ended with a rise in overnight sessions.
Meanwhile, the international oil benchmark Brent crude traded at $ 66.94 a barrel.
Source: Telangana Today