SBI was the top gainer in the Sensex pack, rising up to 2.14 % whereas TCS emerged as the top loser, shedding up to 0.68 %
Equity benchmark BSE Sensex jumped over 150 points in the opening session on Friday tracking gains in index-heavyweights RIL, SBI, and HDFC twins amid positive global cues.
The 30-share BSE index was trading 161.85 points or 0.39 percent higher at 41,325.61, and the broader NSE Nifty rose 57.70 points or 0.48 percent to 12,184.25. SBI was the top gainer in the Sensex pack, rising up to 2.14 percent, followed by Power Grid, Axis Bank, Bharti Airtel, Reliance Industries (RIL), Maruti and HDFC twins.
On the other hand, TCS was the top loser, shedding up to 0.68 percent. Tata Steel, HUL, HCL Tech, Bajaj Auto and Tech Mahindra were also trading in the red.
In the previous session, the 30-share gauge ended 297.50 points, or 0.72 percent, lower at 41,163.76. Similarly, the Nifty closed 88 points, or 0.72 percent, down at 12,126.55.
Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 504.13 crore, while domestic institutional investors purchased shares worth Rs 120.46 crore on Thursday, data available with the stock exchange showed.
According to traders, the domestic equities followed global stocks that rose on easing trade tension between the US and China.
We expect the domestic market to wait for cues from the budget; they said.
Bourses in Shanghai, Hong Kong, Tokyo, and Seoul were trading significantly higher in their respective early sessions.
Shares on Wall Street too ended on a positive note on Thursday.
Brent futures, the global oil benchmark, rose 0.16 percent to USD 68.03 per barrel.
Meanwhile, the rupee appreciated 5 paise to 71.25 against the US dollar in the morning session.
Finance Minister Nirmala Sitharaman: Those payment modes that will be notified from 1st January 2020 will not have charges under the Merchant Discount Rate (MDR) being levied on them. pic.twitter.com/TkwExYbi0R
— ANI (@ANI) December 28, 2019