Sensex Today: Indian equity markets were seen trading near the highs of the day in mid-noon trades, backed by strong gains in financial and IT shares.
The S&P BSE Sensex was up 800 points at 60,750-odd level, while the NSE Nifty had reclaimed the 17,800 level.
Meanwhile, the broader markets languished in the negative zone. The BSE Midcap and Smallcap indices were down around 0.8 per cent each.
Sectorally, Nifty Bank traded in the positive territory, gaining up to 1 per cent. On the flipside, Nifty Realty, and Nifty Metal indices were bogged down in trade, declining up to 4 per cent.
Among individual stocks, shares of Adani-Group companies continued their downtrend, as 7 out of 10 group companies were locked at their respective lower circuits, despite reports of Gautam Adani looking to prepay some loans failed to put brakes on the group’s market rout.
Besides, shares of IndusInd Bank rose 5 per cent on reports that the Hinduja group is planning to raise its stake in the private sector lender from 15 per cent to 26 per cent.
Global Cues
Tokyo’s key Nikkei index opened higher Friday following rallies by US tech shares on forecast-beating results by Facebook owner Meta that boosted investor confidence about upcoming earnings from other giants.The benchmark Nikkei 225 index was up 0.29 percent, or 78.97 points, at 27,481.02 in early trade, while the broader Topix index inched down 0.02 percent, or 0.34 points, to 1,964.83.
The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls.
Oil prices made modest gains in early trade on Friday but were heading for a second straight week of losses, as the market looked for more signs of a strong recovery in fuel demand in China to offset looming slumps in other major economies.
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