Relief! BSE Sensex, NSE Nifty open on high note on Friday; Both Sensex, Nifty rise by over 3 pct
Markets today continued where they left off on Thursday with significant gains in the opening trade. Both Sensex and Nifty today opened up by over 3 per cent. While the BSE Sensex opened higher by over 1069 points at 31,672.04 the NSE Nifty in the opening trade was up by over 297.60 points at 9,290.40
Markets today continued where they left off on Thursday with significant gains in the opening trade. Both Sensex and Nifty today opened up by over 3 per cent. While the BSE Sensex opened higher by over 1069 points at 31,672.04 the NSE Nifty in the opening trade was up by over 297.60 points at 9,290.40.
The top performers on BSE in the opening trade on Friday were Amoil Ltd, KNR Constructions, Sundram Fasteners, Oberoi Realty Limited and Indiabulls Housing Finance while Hatsun Agro Product, Havells India, Cadila Healthcare, Vodafone Idea and Magma Fincorp were the top losers .
Meanwhile, top performers on Nifty in Friday trade were NTPC,Vedanta Limited, Hindalco Industries, ICICI Bank and Titan Company. Top losers on Nifty were HCL Technologies, Tech Mahindra, Kotak Mahindra Bank, Bharti Airtel and Bharti Infratel.
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The rupee was trading stronger at Rs 76.7375 from the Thursday close when the markets reopened on Friday.
On Thursday, both the Sensex and Nifty ended the day in the green taking cues from European and Asian markets. The BSE Sensex went up by over 222 points or 0.7 per cent and closed at 30,602.61 levels while the NSE Nifty index was up by almost 0.8 per cent or over 67 points ending the day at 8,992.80 levels.
Among the global bourses, Asian stocks gained on Friday as President Donald Trump`s plans to gradually re-open the U.S. economy offset data that showed China suffered its worst economic contraction on record due to the coronavirus outbreak, Reuters reported. Data from China showed the world`s second-largest economy shrank for the first time since at least 1992 because of the coronavirus outbreak and tough containment measures. Gross domestic product contracted 6.8% in the quarter year-on-year, slightly more than expected, and 9.8 per cent from the previous quarter, report said.
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MSCI`s broadest index of Asia-Pacific shares outside Japan was up 2.6 per cent after reaching a five-week high. Shares in China rose 1.8 per cent as the weak GDP data reinforced expectations that more stimulus is coming, while shares in Australia were up 2.62 per cent. Japan`s Nikkei stock index rose 2.55 per cent on Friday, while shares in South Korea gained 3.27 per cent.
Inputs from Reuters
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