Sensex Opening Bell: Stock market continues to green; Sensex rises 267 points, Nifty crosses 23250
New Delhi| Major stock indices Sensex and Nifty opened with a decline on Friday, but soon strengthened their position. After that, trading was seen on the rise due to fresh foreign capital inflows supporting investor sentiment.
The 30-share BSE Sensex fell 252.8 points to 76,095.26 in early trade. Whereas NSE Nifty fell by 57.85 points to 23,132.80 points. However, both the benchmark indices later recovered the initial losses and were seen trading with gains. BSE Benchmark Index was trading up 205.09 points at 76,550.97 and Nifty was trading up 70.05 points at 23,262.55.
Shares included in the Sensex included Bajaj Finance, Nestle, Kotak Mahindra Bank, NTPC, Maruti, Power Grid, Adani Ports, Tata Motors, Reliance Industries and Bajaj Finserv. However, Infosys, Titan, HCL Tech, Tata Consultancy Services, HDFC Bank, IndusInd Bank, Tech Mahindra, Asian Paints and Zomato lagged behind.
In Asian markets, Seoul and Tokyo were trading in a positive range while Shanghai and Hong Kong recorded a decline. American markets closed with a slight decline on Thursday. Foreign institutional investors (FIIs) bought equities worth Rs 3,239.14 crore on Thursday, according to exchange data.
“The market has picked up this week, with Nifty seeing a 3.5 per cent rise”, said VK Vijayakumar, chief investment strategist at Geojit Financial Services. The acceleration comes at a time when trade tensions are rising and more acceleration is expected once reciprocal tariffs are introduced on 2 April. The main reason for the rally is the purchases made by FIIs in the cash market in two days Brent crude, the global oil standard, rose 0.43 percent to $72.31 a barrel.
On Thursday, BSE’s benchmark index had closed at 76,348.06, up 899.01 points, or 1.19 per cent. Nifty had regained the level of 23,000 with a gain of 283.05 points or 1.24 per cent and closed at 23,190.65.
