Business

Equities Trade Firm On Buying In Reliance And TCS

Equity benchmark indices rallied in early trade on Friday, boosted by buying in Reliance Industries, Tata Consultancy Services, and ICICI Bank, as well as relatively robust Asian markets.

After a flat start, the 30-share BSE Sensex advanced 122.61 points to 71,551.04 in early trade. The Nifty jumped by 45.45 points to 21,763.40.

Reliance Industries, Wipro, State Bank of India, Tata Consultancy Services, Bajaj Finance, Axis Bank, ICICI Bank, and Tech Mahindra were among the Sensex’s top gainers.

The laggards were Bharti Airtel, Maruti, Mahindra & Mahindra, Infosys, HDFC Bank, and Kotak Mahindra Bank.

In Asian markets, Tokyo and Shanghai were trading higher, while Hong Kong traded down.

On Thursday, the US markets closed higher.

Brent crude gained 0.09 percent to USD 81.70 per barrel.

According to exchange data, Foreign institutional investors (FIIs) sold equities worth Rs 4,933.78 crore on Thursday.

The BSE benchmark slid 723.57 points, or one percent, to end at 71,428.43 on Thursday, amid uncertainty regarding the timing of interest rate cuts following the Reserve Bank of India’s monetary policy announcement. The Nifty sank by 212.55 points, or 0.97 percent, to 21,717.95.

Also read: Government To Conduct A Pan-India Livestock Census Between September And December

Spriha Rai

Recent Posts

PM Modi To Address GST Utsav Public Meeting In Andhra Pradesh On October 16

PM Modi will address a GST Utsav public meeting in Kurnool on October 16 with…

2 hours ago

Jamia Hamdard Champions Clean And Green Campus Initiative Under ‘Mission Green Campus’

Jamia Hamdard launches a cleanliness drive under ‘Mission Green Campus’ to promote a sustainable, smoke-free,…

3 hours ago

Gautam Adani Hails Navi Mumbai Airport As A Beacon Of India’s Aspirations

Gautam Adani and PM Modi inaugurate Navi Mumbai Airport, highlighting its role in India’s growth…

3 hours ago

PM Starmer Leads Biggest UK Trade Mission Ever To India On Historic First Visit

PM Starmer leads historic UK trade mission to India, boosting business, culture and strategic ties.

4 hours ago

PM Modi Highlights Strategic Role Of Navi Mumbai Airport In Boosting Connectivity

PM Modi inaugurates Phase 1 of Navi Mumbai International Airport, emphasising its role in regional…

5 hours ago

Supreme Court To Hear Rahul Gandhi’s Petition Demanding SIT Probe Into Alleged Voter List Manipulation

Supreme Court to hear Rahul Gandhi petition seeking SIT probe into alleged voter list manipulation.

6 hours ago