The
Nifty50 started on a muted note, and was trading above its crucial
psychological level of 7,800, weighed down by losses in FMCG, banks, and realty
stocks.
The shares of Jindal Steel surged over 15 per cent in early trades while that of GAIL gained over 5 per cent. Jubilan Foodwroks also climbed over 4 per cent.
The shares of Jindal Steel surged over 15 per cent in early trades while that of GAIL gained over 5 per cent. Jubilan Foodwroks also climbed over 4 per cent.
The
broader market mirrored the gains seen on the benchmark indices with the BSE
midcap and BSE smallcap indices rising 0.7 and 0.8 per cent, respectively.
Among the sectoral indices, the BSE Oil & Gas index was the top gainer, up 1.9 per cent. The sentiment on the Street remained positive with six of every ten BSE stocks trading in the green.
Among the sectoral indices, the BSE Oil & Gas index was the top gainer, up 1.9 per cent. The sentiment on the Street remained positive with six of every ten BSE stocks trading in the green.
Rising
for the second straight day, the rupee gained 9 paise to 66.09 against the US
dollar in early trade on Friday, as the greenback fell in overseas markets on
hopes that the post the liftoff, any rate hike by the US Federal Reserve would
only be gradual. The domestic currency had closed 12 paise higher at 66.18 on
Thursday on fresh dollar selling by banks and exporters.
Most other Asian markets traded mixed. Japan's Nikkei was down 0.52 per cent while South Korean Kospi edged higher by 0.10 per cent. Hong Kong's Hang Seng index surged 1.21 per cent while mainland China's Shanghai Composite was trading with mild losses of 0.07 per cent.
Most other Asian markets traded mixed. Japan's Nikkei was down 0.52 per cent while South Korean Kospi edged higher by 0.10 per cent. Hong Kong's Hang Seng index surged 1.21 per cent while mainland China's Shanghai Composite was trading with mild losses of 0.07 per cent.
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