Sensex again reaches the 60,000 . mark


Benchmark Indices started trading briskly on Friday, extending gains from the previous day amid foreign fund inflows and a positive trend in global markets.

The 30-share BSE Sensex climbed 431.58 points to 60,119.80 in early trading. On similar lines, the wider NSE useful rose by 127.2 points to 17,925.95.

From the Sensex pack of firms, IndusInd Bank, State Bank of India, Tata Steel, Hindustan Unilever, NTPCInfosys, Dr. reddies, Sun Pharma and ICICI Bank emerged as the biggest winners.

Bharti Airtel, Bajaj FinservNestle India and Bajaj Finance were among the laggards.

Elsewhere in Asia, markets in Shanghai, Tokyo and Hong Kong were in the green mid-session.

US stocks closed higher on Thursday.

On Thursday, the BSE benchmark rose 659.31 points or 1.12 percent to settle at 59,688.22. The Nifty rose 174.35 points or 0.99 percent to 17,798.75 points.

Meanwhile, the international oil benchmark Brent oil climbed 0.26 percent to $89.38 a barrel.

Foreign institutional investors (FIIs) were net buyers when they bought shares worth Rs 2,913.09 crore on Thursday, according to exchange data.

Local stock benchmark indices opened firm in tandem with the buoyancy in the Asian package and the overnight surge in US markets,” said Prashanth tapered – Research Analyst, Senior VP (Research), Mehta Equities Ltd.

“Positive catalysts such as falling oil prices and the easing of the US dollar index are likely to help maintain the optimism,” Tapse said.


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