In early trade on Friday, equity benchmark indices rebounded, driven by buying in major stocks such as Reliance Industries, Tata Consultancy Services, and ICICI Bank, in line with mostly firm Asian markets.
After initially trading flat, the 30-share BSE Sensex rose by 122.61 points to reach 71,551.04 in early trade, while the Nifty increased by 45.45 points to 21,763.40.
Among the Sensex constituents, notable gainers included Reliance Industries, Wipro, State Bank of India, Tata Consultancy Services, Bajaj Finance, Axis Bank, ICICI Bank, and Tech Mahindra. Conversely, Bharti Airtel, Maruti, Mahindra & Mahindra, Infosys, HDFC Bank, and Kotak Mahindra Bank were among the laggards.
In Asian markets, Tokyo and Shanghai were trading in positive territory, while Hong Kong recorded losses. On the previous trading day, the US markets closed higher.
According to exchange data, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,933.78 crore on Thursday.
On Thursday, the BSE benchmark had declined by 723.57 points or 1 percent to settle at 71,428.43, amid uncertainty surrounding the timing of interest rate reduction following the Reserve Bank of India's monetary policy decision. Similarly, the Nifty fell by 212.55 points or 0.97 percent to 21,717.95.
The global oil benchmark, Brent crude, saw a slight increase of 0.09 percent, reaching USD 81.70 per barrel.
(With Agency Inputs)
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