Indian stock markets started Friday’s session on a firm footing. The NSE Nifty 50 climbed 47.25 points or 0.2%, opening at 23,296.75, while the BSE Sensex gained 105.39 points 0.14%, beginning the day at 76,865.20.
As of 2:25 PM today, the Sensex was trading at 77,267.19, up by more than 550 points, or 0.66%. Meanwhile, the Nifty was trading at 23,435.45, gaining 185 points, or 0.80%. The markets were in full throttle post the presentation of the Economic Survey.
Apart from that, the domestic currency slipped to an all-time low of 86.65 against the US dollar.
In the pre-open session on Friday, the Sensex was at 77,073.03, up by 313.22 points or 0.41%, while the Nifty traded at 23,286.45, gaining 36.95 points or 0.16%.
Bank Nifty opened 136.15 points or 0.28% lower to trade at 49,175.80. The Nifty Midcap 100 gained 357.80 points, or 0.68%, to open at 53,072.05.
“Nifty had a volatile outing yesterday as a slump post noon saw a recovery in the final hour of trading. The index finished up for the third straight day and in doing so, now has its sights set on a resistance area that falls between 23387 – 23433, which also includes the bearish engulfing candle’s high from January 21st,” said Akshay Chinchalkar, Head of Research, Axis Securities.
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The GIFT Nifty indicated a subdued opening for Indian equity indices on Friday, trading 25 points or 0.11% higher at 23,450. This suggests a cautious start for the NSE Nifty 50 and BSE Sensex.
In the previous session on Thursday, the markets ended on a positive note. The Nifty 50 gained 86.40 points or 0.37% to close at 23,249.50, while the Sensex advanced 226.85 points or 0.30%, settling at 76,759.81.
Top gainers and losers
As of early trading, the top gainers from the Sensex pack include L&T (4.51%), Titan (2.27%), Infosys (1.51%), Maruti (1.50%), M&M (0.97%), and Tech Mahindra (0.93%). On the downside, the major losers are Bharti Airtel, NTPC, Bajaj Finance, Axis Bank, and ICICI Bank.
The top 5 gainers in the early trading hours from the Nifty 50 pack include BEL,
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