Opening Bell: Nifty near 16,800, Sensex gains around 500 points; IT stocks outperform
Tracking global market cues, the domestic equity market opened on a strong note on Friday.
Tracking global market cues, the domestic equity market opened on a strong note on Friday. Benchmark indices Nifty50 and Sensex opened higher by around 0.8 % and 0.9% respectively as the former opened near 16,800 and the latter gained more than 400 points to start near 56,200.
Following headline indices, Nifty midcap and small cap rose 0.6% and 0.9% respectively.
On the sectoral front, Nifty IT outperformed gaining by more than one and half per cent as all sectoral indices comfortably sat in the green.
In the pre-open, the Sensex gained by more than 400 points as 26 stocks advanced, three declined and one remained neutral on the 30-share index.
Earlier, minutes before the market opening, hinting at a positive opening for the Indian market, SGX Nifty Futures was trading higher by more than 130 points on the Singaporean exchange.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Akshaya Tritiya bank holiday or not Basava Jayanti 2024 festival date Banks closed or open tomorrow may 10 friday check out state-wise full list
80% return in one year: Brokerage suggests buying this Maharatna PSU stock for 2-3 days, check target
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
09:25 AM IST