Market News Today, July 3: In the early hours of trade on Friday morning, Sensex jumped 266.51 points higher to 36,110.21, while the broader Nifty rose 75.80 pts to 10,627.50. Index-heavyweights Reliance Industries, Hindustan Aeronautics Limited and Kotak Bank were among the top gainers.Also Read - Share Market Today: BSE Sensex Rallies 380 Points; Nifty Reclaims 15,300
Bajaj Auto, Axis Bank, and Powergrid – all up by 1 per cent – were also traded among the highest bidders. Also Read - Odisha Govt Cancels BSE Class 10 Board Exam Amid Rising COVID Cases
Interestingly, positive policy jobs data in the United States and a sudden rise in the Asian markets boosted domestic stocks in the opening bell today. However, the rising COVID-19 scenario kept the market mood capped at large. Also Read - Sensex Falls By 1,300 Points; Banking, Auto Stocks Plunge
Bajaj Auto was the top gainer in the Sensex pack, advancing around 2 per cent, followed by Asian Paints, Bharti Airtel, HUL, Reliance Industries, HUL and Kotak Bank.
On the other hand, Tata Steel, HDFC, M&M and Bajaj Finance were among the laggards.
The Indian rupee opened at 74.60 against the US dollar, registering a jump of 44 paise over its previous close of 75.04, tracking weakness in the greenback and gains in the domestic equity market. Forex traders believed that investors were bullish on emerging market assets following encouraging vaccine test results.
In the previous session, the BSE barometer settled 429.25 points, or 1.21 per cent, higher at 35,843.70, and the broader Nifty surged 121.65 points, or 1.17 per cent, to close at 10,551.70.
Foreign institutional investors were net sellers on Thursday, offloading equities worth Rs 556.72 crore, provisional exchange data showed.
Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with gains.
Stock exchanges on Wall Street too ended on a positive note in overnight session following a record increase in payrolls and a decline in unemployment.
The number of cases around the world linked to the disease has crossed 1.08 crore and the death toll has topped 5.20 lakh. In India, the number of infections spiked to 6.25 lakh and the death toll rose to 18,213.
Meanwhile, international oil benchmark Brent crude futures fell 0.70 per cent to USD 42.84 per barrel.
With PTI inputs