Indian stock benchmarks started in the green on Friday, extending their gains for the second consecutive session amid positive leads from world markets. Asian stocks rose today, following an overnight rise in Wall Street.
Trends over the Nifty Futures on Singapore Exchange (SGX Nifty) have indicated a higher start for the domestic indices.
The 30-share BSE Sensex climbed 604 points or 1.16 percent to 52,870 in the early session, while the broader NSE Nifty moved 175 points or 1.12 percent to trade at 15,732.
Mid- and small-cap stocks traded on a strong note today, with Nifty Midcap 100 up 0.93 percent and small-cap up 1.26 percent.
All 15 sector meters – compiled by the National Stock Exchange – traded in the green. Sub-indices Nifty Bank and Nifty FMCG outperformed the NSE platform by rising as much as 1.55 percent and 1.17 percent, respectively.
On the stock-specific front, IndusInd Bank was the top Nifty winner, as the stock rose 3.10 percent to Rs 809.25. Hindustan Unilever, Tata Consumer Products, Bharti Airtel and ICICI Bank were also among the winners.
The overall market width was positive as 1,794 stocks advanced while 361 fell on BSE.
On the 30-share BSE index, IndusInd Bank, HUL, Airtel, ICICI Bank, Reliance Industries, Ultratech Cement, Tata Steel, SBI, Kotak Mahindra Bank, Dr Reddy’s, HDFC Bank and Bajaj Finance were among the top winners.
Also, shares of Life Insurance Corporation of India (LIC), the country’s largest insurer and largest local financial investor, rose 0.56 percent to trade at Rs 668.60.
In contrast, Tech Mahindra and Asian Paints traded in the red.
Sensex jumped 443 points or 0.86 percent to close at 52,266 on Thursday, while Nifty moved up 143 points or 0.93 percent to reach 15,557.