After a three-day decline, benchmark equity indices experienced a rebound in early trade on Friday, supported by buying activities in bank and IT stocks, along with a positive trend in the US markets.
The 30-share BSE Sensex surged by 657.45 points to reach 71,844.31 in early trade, indicating a strong start. The Nifty also showed a notable increase, rising by 194.75 points to 21,657.
Among the major gainers on the Sensex were Titan, Axis Bank, Tech Mahindra, ICICI Bank, Bajaj Finance, Bajaj Finserv, Tata Consultancy Services, Wipro, Infosys, and ITC. However, IndusInd Bank and Reliance were among the losers.
In Asian markets, Seoul and Tokyo traded positively, while Shanghai and Hong Kong quoted lower. The US markets closed with gains on Thursday.
On the previous trading day, the BSE benchmark had fallen by 313.90 points, or 0.44 percent, settling at 71,186.86, while the Nifty declined by 109.70 points, or 0.51 percent, reaching 21,462.25.
Global oil benchmark Brent crude showed a slight decline of 0.27 percent, reaching USD 78.89 per barrel.
Foreign Institutional Investors (FIIs) were reported to have offloaded equities worth Rs 9,901.56 crore on Thursday, according to exchange data.
(With Agency Inputs)
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