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.

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