The BSE Sensex bounced back on Friday by 177.51 points to end positive at 38,862.23 on fresh buying in Materials, Infosys, Realty and Oil & Gas stocks amid firm cues from global peers on optimism over the US-China trade talks.
The Nifty of National Stock Exchange (NSE) too moved up by 67.95 points to 11,665.95.’
The equity market remained in green throughout the day as it edged higher by 155 points to 38,839.52 in the morning trade and then jumped by 274 points to touch day’s high of 38,958.60. However, it erased early gains in late trade but ended positive at 38,862.23, advancing by 177.51 points compared with its last close.
The Nifty registered day’s high and low at 11,689.65 and 11,609.50 points, respectively.
The sectoral indices like Materaials, IT, Metal, Realty, Oil & Gas and Telecom pushed the market up, along with scrips of Tata Steel, VEDL, Bajaj Finance, TCS and IndusInd Bank, brokers informed.
The broader markets outperformed the Sensex, as the BSE Mid-Cap index and Small-Cap shot up 0.63 per cent and 0.72 pc, respectively. The market breadth was positive on BSE, as 1,514 shares increased against 1,054 declined and 171 were unchanged.
In global markets, European shares were little changed on Friday as investors waited for a closely watched US jobs report and trade talks between China and the US continued.
In Europe, Frankfurt’s DAX was down 0.16 per cent, while Paris CAC-40 and London’s FTSE moved up 0.07 per cent each in early deals. Elsewhere in Asia, Korea’s Kospi inched up 0.14 per cent, Japan’s Nikkei climbed 0.38 per cent and Topix gained 0.35 per cent. (UNI)
