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December 8, 2023 5:57 am

Sensex rises 809 points in early trade; Nifty above 18,000

Mumbai, November 11

Equity benchmark Sensex climbed 809.64 points in early trade on Friday, helped by heavy buying in IT counters amid a rally in global markets after encouraging US inflation data.

A strong rupee against major rivals and continuous buying by foreign funds added to the momentum, traders said.

The 30-share BSE index was trading 809.64 points or 1.34 percent higher at 61,423.34 in initial deals. Similarly, the broader NSE Nifty gained 239.70 points or 1.33 percent to 18,267.90.

All the Sensex constituents were trading in the green. Wipro was the top gainer in the pack, rising 3.61 percent, followed by Tech Mahindra, Infosys, HCL Tech, IndusInd Bank, Tata Steel and TCS.

In the previous session on Thursday, the 30-share BSE benchmark ended 419.85 points or 0.69 percent lower at 60,613.70. The broader NSE Nifty, too, fell 128.80 points or 0.71 percent to end at 18,028.20.

In Asian markets, bourses in Tokyo, Shanghai, Seoul and Hong Kong were trading with significant gains.

Equities on Wall Street ended sharply higher in the overnight session on Thursday.

The rupee appreciated 64 paise to 80.76 against the US dollar in early trade on Friday.

Foreign institutional investors remained net buyers in the Indian capital market on Thursday, as they bought shares worth Rs 36.06 crore, as per exchange data.

International oil benchmark Brent crude was trading 0.36 percent higher at USD 94.01 per barrel.

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