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Benchmark fairness indices bounced back in early trade on May 10 amid firm global market traits and buying in ITC and Reliance Industries.
Recovering from the sharp decline in the earlier trade, the 30-share BSE Sensex climbed 203.52 factors to 72,607.69 in early offers. The NSE Nifty went up by 83.7 factors to 22,041.20.
From the Sensex basket, ITC, Axis Bank, NTPC, JSW Steel, Hindustan Unilever, Asian Paints, Bharti Airtel and Reliance Industries had been the largest gainers.
Infosys, HDFC Bank, HCL Technologies and Larsen & Toubro had been the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong had been buying and selling with positive factors whereas Shanghai quoted decrease.
Wall Street ended in optimistic territory on Thursday.
“Gains in overseas markets are likely to help local benchmark indices register gains in early trade on Friday after yesterday’s sharp sell-off,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd mentioned in his pre-opening market remark.
Global oil benchmark Brent crude climbed 0.55% to USD 84.34 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities value Rs 6,994.86 crore on Thursday, in keeping with change knowledge.
Declining for the third day operating, the BSE benchmark dropped 1,062.22 factors or 1.45% to settle at 72,404.17 on Thursday. The NSE Nifty dived 345 factors or 1.55% to 21,957.50.
