Sensex rallies 566 points in early trade on buying in Reliance, IT stocks

Stock markets in the U.S. had ended sharply higher on Thursday

June 03, 2022 10:39 am | Updated March 07, 2023 12:39 pm IST - Mumbai

File photo for representation purposes only

File photo for representation purposes only | Photo Credit: Reuters

Equity indices jumped on Friday continuing their previous day rally, with the Sensex climbing 566 points in early trade, helped by buying in index heavyweight Reliance Industries and IT stocks amid firm global trends.

The 30-share BSE Sensex was trading 565.66 points higher at 56,383.77. The broader NSE Nifty jumped 159.85 points to 16,787.85.

From the Sensex pack, Wipro, HCL Technologies, Infosys, Tech Mahindra, Reliance Industries, Bajaj Finserv, TCS and Bajaj Finance were the major gainers.

In contrast, UltraTech Cement, NTPC, Bharti Airtel and Asian Paints were the laggards.

Elsewhere in Asia, markets in Seoul and Tokyo were trading in the green. Trading was closed in China for a holiday.

Stock markets in the U.S. had ended sharply higher on Thursday.

The Sensex jumped 436.94 points or 0.79% to settle at 55,818.11 on Thursday. The Nifty climbed 105.25 points or 0.64% to finish at 16,628.

Meanwhile, international oil benchmark Brent crude declined 0.09% to $117.42 per barrel.

Foreign institutional investors offloaded shares worth ₹451.82 crore on Thursday, according to stock exchange data.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.