Equity benchmark BSE Sensex jumped over 150 points in 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 % higher at 41,325.61, and the broader NSE Nifty rose 57.70 points or 0.48 per cent to 12,184.25.
SBI was the top gainer in the Sensex pack, rising up to 2.14 %, followed by PowerGrid, Axis Bank, Bharti Airtel, Reliance Industries (RIL), Maruti and HDFC twins.
ADVERTISEMENT
On the other hand, TCS was the top loser, shedding up to 0.68 %. 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 %, lower at 41,163.76. Similarly, the Nifty closed 88 points, or 0.72 per cent, down at 12,126.55.
Meanwhile, on a net basis, foreign institutional investors sold equities worth ₹ 504.13 crore, while domestic institutional investors purchased shares worth ₹ 120.46 crore on Thursday, data available with stock exchange showed.
ADVERTISEMENT
According to traders, domestic equities followed global stocks that rose on easing trade tension between the US and China.
Domestic market is expected 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 % to $68.03 per barrel.
Meanwhile, the rupee appreciated 5 paise to 71.25 against the US dollar in morning session.