Sensex Rises By Almost 300 Points In Early Trade

Continuing the upward trend, the Sensex rose over 300 points in early trade on Friday, while the Nifty advanced more than 80 points as promising global cues buoyed investor sentiments.

The 30-share Sensex bumped 306.34 points or 0.43 percent to 72,356.72, while the broader 50-share Nifty soaked up 81.05 or 0.37 percent to 21,991.80.

As many as 22 Sensex companies were trading in the green, while in the Nifty pack, 40 stocks rose in early trading.

TVS Motor Company, Mahindra & Mahindra, BPCL, Bajaj Auto, Maruti Suzuki, TataMotors-DVR, and Tata Motors were the top gainers.

Among the laggards were LIC, Power Grid Corp, ONGC, Apollo Hospitals, IRCTC, and Axis Bank.

In Asian markets, Gift Nifty, Nikkei 225, Kospi, Shanghai Composite, and Hang Seng were all trading higher.

On Thursday, US markets almost concluded in positive territory.

According to the data exchange, Foreign Institutional Investors (FIIs) sold securities worth Rs 3,064.15 crore on Thursday.

On Thursday, the Sensex jumped 227.55 points, or 0.32 percent, to 72,050.38, while Nifty gained 70.70 points, or 0.32 percent, to 21,910.75.

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