Mumbai, December 8: Key Indian equity domestic indices- BSE Sensex and NSE Nifty opened on a positive note during early morning trade on Friday. Sensex zoomed 146 points or 0.45% to 33,096.10 while the wider Nifty was up by over 39 points or 0.38% to 10,205.70. In the pre-opening session, Sensex was flat while the wider Nifty traded above 10,050 level. The Rupee opened at 64.55 a dollar on Friday. The home currency was trading at 64.53 a dollar, down 0.02% from its Thursday’s close of 64.57 during early morning trade.
At 3.30 PM: Sensex jumped 301 points or 0.91% to 33,250.30 while the wider Nifty zoomed to 98 points or 0.97% to 10,265.65.
At 1.30 PM: Sensex was up by over 243 points or 0.74% to 33,192.66 while the wider Nifty climbed 79 points to 10,246.50.
At 11.30 AM: Sensex zoomed 270 points or 0.82% to 33,219.94 while the wider Nifty was up by over 87 points or 0.86% to 10,253.85 on widespread buying in metal, telecom, auto, realty and financial sectors amid firm Asian cues.
At 10.30 AM: Markets continued to trade in green during early morning trade on Friday. Sensex climbed 242 points or 0.74% to 33,191.75 while the wider Nifty was up by over 76 points or 0.76% to 10,243.60. Gas stocks were on fire as the state-run GAIL surged 7 percent to hit a fresh record high of Rs 489.30 per share while Mahanagar Gas, Indraprastha Gas and Petronet LNG rallied 3-5 percent.
On Thursday, Sensex zoomed 352 points or 1.08% to 32,949.21 while the wider Nifty was up by over 122 points or 1.22% to 10,166.70. Sensex shaped up by rebounding over 352 points as investors hunted for bargains in the recently battered bank, auto and metal stocks. The broader Nifty too ended above the key 10,100-mark. As per brokers, participants sensed value-buying opportunities after equities’ recent lacklustre run, making stock valuations attractive.
Reports state that the benchmark’s highest closing since November 30 was on Thursday where it zoomed 352 points. In November, Sensex had finished at 33,149.35. The index had lost 205 points yesterday after the Reserve Bank held the policy rate and raised the inflation forecast for the remainder of the fiscal. Anand James, Chief Market Strategist, Geojit Financial Services said that the RBI’s neutral stance despite firm inflation expectations, and recent falls rendering stocks attractive, whetted the appetite of buyers.