Sensex And Nifty Rise In Early Trade Amid Encouraging Global Trends

Market indices surged in early trade on Friday, with the Sensex up over 100 points amid a worldwide stock rally that boosted investor mood.

The 30-share Sensex rose 99.44 points, or 0.14 percent, to 73,257.68 points, while the broader Nifty advanced 18.30 points, or 0.08 percent, to 22,235.75.

Among the Nifty constituents, 32 equities were trading higher.

In the Sensex pack, 18 stocks climbed, with Titan up more than one percent.

The worldwide rally, fueled primarily by US chipmaker Nvidia Corp’s good quarterly earnings, has propelled markets in the United States, Europe, and Japan to new highs.

In Asia, Japan’s benchmark index, the Nikkei 225, rose more than two percent, while Hong Kong’s Hang Seng, China’s Shanghai Composite, and South Korea’s Kospi were trading in green.

According to the data exchange, Foreign Portfolio Investors (FPIs) offloaded securities worth Rs 1,410.05 crore on Thursday.

The Sensex and Nifty rose on Thursday, with the latter reaching an all-time high closing level of 22,217.45.

Also read: Sensex Soars Over 500 Points, While Nifty Reaches New Highs