Business

Markets continue to rise as a result of strong global trends

In line with the bullish trend in global markets, equity benchmark indices rose in early trade on Friday.

In early trade, the 30-share BSE Sensex rose 414.06 points to 64,494.96 points, extending the previous day’s rise. The Nifty rose 125.5 points to 19,258.75 points.

Among the Sensex companies, Tata Motors rose more than 2 percent after reporting a consolidated net profit of Rs 3,783 crore for the September quarter, owing to strong performance by its British unit Jaguar Land Rover.

Other big gainers included Tech Mahindra, ICICI Bank, Titan, Mahindra & Mahindra, and Sun Pharma.

The top laggards were Tata Steel, NTPC, Asian Paints, and Kotak Mahindra Bank.

In Asian markets, Seoul, Shanghai, and Hong Kong were all up.

On Thursday, the US markets finished with huge gains.

Brent crude rose 0.14 percent to US$86.97 per barrel.

According to exchange data, foreign institutional investors (FIIs) continued to be net sellers in the capital markets on Thursday, offloading equities worth Rs 1,261.19 crore.

On Thursday, the BSE benchmark rose 489.57 points, or 0.77 percent, to 64,080.90. The Nifty gained 144.10 points, or 0.76 percent, to 19,133.25.

Also read: Wagner Group of Russia to deliver cutting-edge missiles to Hezbollah

Spriha Rai

Recent Posts

PM Narendra Modi Meets Bangladesh’s Muhammad Yunus During BIMSTEC Summit In Bangkok

PM Narendra Modi met Bangladesh's Chief Adviser Muhammad Yunus in Bangkok, their first meeting since…

1 min ago

India’s Leadership Brings Fresh Momentum To BIMSTEC Under PM Modi’s Vision

Prime Minister Narendra Modi’s leadership has revitalized BIMSTEC, positioning India as a key driver of…

35 mins ago

MI New York Announces Star-Studded Signings For Major League Cricket 2025

MI New York has unveiled an impressive roster of players for the 2025 edition of…

55 mins ago

PM Modi Bats For Stronger Regional Ties At BIMSTEC Summit In Bangkok

PM Narendra Modi on Friday reiterated India’s commitment to enhancing cooperation across multiple sectors within…

58 mins ago

A New Dawn Of Happiness: PM Modi Shares Navratri Message With Devotional Track

On Friday, PM Modi extended Chaitra Navratri Day 7 wishes, invoking Maa Jagdamba's blessings for…

2 hours ago

Sensex, Nifty Open Lower Amid Global Sell-Off Following President Trump’s Tariffs

Indian stock markets opened lower on Friday, following a global sell-off triggered by the reciprocal…

2 hours ago