Share Market Update: Indian equity benchmarks Sensex and Nifty opened in the green.
Share Market: Indian equity benchmarks BSE Sensex and NSE Nifty50 opened in the green on last trading day of the week amid largely positive cues from global markets. International oil benchmark Brent crude was trading 0.85 per cent higher at $76.80 per barrel.
The 30-share BSE index was trading 115.09 points or 0.18 per cent higher at 62,685.77 in initial deals. Similarly, the broader NSE Nifty gained 33.25 points or 0.18 per cent to 18,642.60.
US dollar slips below 104.5, Brent below $77/bbl. A strong rupee against major rivals also supported the domestic equities, traders said.
The rupee appreciated 19 paise to 82.19 against the US dollar in early trade on Friday on broad dollar weakness and a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias.
At the interbank foreign exchange, the domestic unit opened at 82.30 against the dollar, then gained further ground to touch 82.19, registering a rise of 19 paise over its previous close. On Thursday, the rupee settled 9 paise higher at 82.38 against the US dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.23 per cent to 104.53.
At 11:28 am, Sensex is down 199.88 points or 0.32 percent at 62370.80, and the Nifty down 53.50 points or 0.29 percent at 18555.80. About 1453 shares have advanced, 1624 shares declined, and 126 shares are unchanged.
Sensex and Nifty ended in the red on Thursday. The 30-share BSE benchmark ended 160 points higher at 62,570.68. The NSE Nifty advanced 48.85 points to settle at 18,609.35.
In Asian markets, bourses in Tokyo, Shanghai, Seoul and Hong Kong were trading with gains in mid-session deals. Equities on Wall Street ended higher in the overnight session on Thursday.
Accarding to exchange data,Foreign Institutional Investors (FIIs) were net sellers in capital markets as they offloaded shares worth Rs 1,131.67 crore on Thursday.
International oil benchmark Brent crude was trading 0.85 per cent higher at $76.80 per barrel.
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