Sensex surges over 330 points in early trade; Nifty tops 17,800

Titan was the top gainer in the Sensex pack, followed by ICICI Bank, PowerGrid, Kotak Bank, Reliance Industries and HDFC Bank.

January 07, 2022 10:05 am | Updated 10:05 am IST - Mumbai

HDFC, Infosys, Dr Reddy’s, M&M and Maruti were among the laggards. File image.

HDFC, Infosys, Dr Reddy’s, M&M and Maruti were among the laggards. File image.

Equity benchmark Sensex jumped 335 points in opening trade on Friday, tracking gains in index-heavyweights ICICI Bank, Reliance Industries and HDFC Bank amid mixed cues from Asian markets.

The BSE index was trading 335.30 points or 0.56% higher at 59,937.14 in early trade. Likewise, the Nifty advanced 101.80 points or 0.57% to 17,847.70.

Titan was the top gainer in the Sensex pack, rising over 3 % , followed by ICICI Bank, PowerGrid, Kotak Bank, Reliance Industries and HDFC Bank.

On the other hand, HDFC, Infosys, Dr Reddy’s, M&M and Maruti were among the laggards.

In the previous session, the 30-share index slumped 621.31 points or 1.03% to finish at 59,601.84. Similarly, the broader NSE Nifty plunged 179.35 points or 1% to 17,745.90.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul were trading with gains in mid-session deals, while Tokyo was negative.

Stock exchanges in the U.S. ended with losses in the overnight session.

Meanwhile, international oil benchmark Brent crude rose 0.77% to $82.62 per barrel.

Foreign institutional investors (FIIs) were net sellers in the capital market, as they sold shares worth ₹1,926.77 crore on Thursday, according to stock exchange data.

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