Equity benchmarks began the trade on a positive note on Friday in tandem with largely firm Asian markets and ahead of the RBI’s policy meeting outcome.
The 30-share BSE benchmark climbed 227.89 points to 58,526.69 in early trade. The broader NSE Nifty advanced 64.35 points to 17,446.35.
On a weekly basis, the Sensex advanced 817.68 points or 1.42 per cent, while the Nifty gained 239.25 points or 1.39 per cent. “With the overhang of monetary policy now behind us, the geo-political tension between China & Taiwan will be in focus, as any flare up in the region may lead to panic situations across the globe,” said Amol Athawale, deputy VP , technical research, Kotak Securities Ltd.
Among the Sensex constituents, UltraTech Cement, Bharti Airtel, Larsen & Toubro, Wipro, Dr Reddy’s Laboratories, State Bank of India, ICICI Bank and Titan were the major gainers.
Reliance Industries, Maruti Suzuki India, IndusInd Bank and HDFC were the laggards. In Asia, markets in Seoul, Shanghai and Tokyo were trading in the green, while Hong Kong quoted lower.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.