Sensex climbs 113 points in early trading amid mixed global trends

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Equity benchmarks started trading positively on Friday, with the Sensex climb over 113 points in early tradingamid mixed trends in global equities.



The 30-share BSE index rose 113.2 points to 60,411.20 in early deals. The wider NSE useful climbed 35.7 points to 17,992.20.

Later, both benchmark indices became volatile, with the Sensex and Nifty fluctuating between gains and losses.

From the Sensex package, Tech MahindraKotak Mahindra Bank, Wipro, Tata Consultancy Services, Larsen & Toubro, HCL Technologies, infosysTitan, Sun Pharma and UltraTech cement were among the big winners in early trading.

On the other hand, IndusInd Bank, Power Grid, ICICI Bank, NTPC and National Bank of India were among the greatest stragglers.

In Asia, markets in Seoul and Shanghai were lower, while Tokyo and Hong Kong were in green on mid-session deals.

Stocks on Wall Street closed higher on Thursday.

The BSE benchmark index finished 37.87 points or 0.06 percent higher on Thursday at 60,298 points. The Nifty gained 12.25 points or 0.07 percent to settle at 17,956.50.

Meanwhile, the international oil benchmark Brent oil traded 0.38 percent lower at USD 96.21 a barrel.

Foreign institutional investors (FIIs) unloaded shares after many days as they sold shares worth Rs 1,706 crore on Thursday, according to data from the exchange.

“The market momentum that pushed the Nifty up 18 percent from its June lows is likely to face headwinds from now on. The sudden sharp spike in the dollar index will impact capital flows to emerging markets like India. FII buying seen in August is likely to lose steam and affect sentiment,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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