Markets Rise In Early Trade On Buying In IT Equities And New Foreign Fund Inflows

Benchmark equity indices rose in early trade on Friday, extending the previous day’s gains, as fresh foreign fund inflows and buying in IT stocks propelled the market higher.

In early trade, the 30-share BSE Sensex climbed 308.91 points to 72,156.48. The Nifty advanced 91 points to 21,749.60.

Wipro, NTPC, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, Tata Consultancy Services, and HCL Technologies were the top gainers on Sensex.

Among the laggards were Nestle India, IndusInd Bank, HDFC Bank, Kotak Mahindra Bank, and Asian Paints.

Tokyo traded higher in Asian markets, while Seoul, Shanghai, and Hong Kong traded lower.

On Thursday, the US markets finished lower.

Brent crude gained 0.39 percent to USD 77.89 per barrel.

According to the exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 1,513.41 crore on Thursday.

On Thursday, the BSE benchmark surged 490.97 points or 0.69 percent to 71,847.57, while the Nifty soared 141.25 points or 0.66 percent to 21,658.60.

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