BSE & NSE rise in early trade

Mumbai: Equity benchmark Sensex climbed by 115 points in early trade on Friday, helped by buying in auto, metal and FMCG stocks amid a firm trend in global markets. A strong rupee against major rivals also supported the domestic equities, traders said. The 30-share BSE index was trading 115.09 points or 0.18 percent higher at 62,685.77 in initial deals. Similarly, the broader NSE Nifty gained 33.25 points or 0.18 percent to 18,642.60.

In the previous session on December 8, the 30-share BSE benchmark ended 160 points higher at 62,570.68. The broader NSE Nifty advanced by 48.85 points to settle at 18,609.35. Foreign Institutional Investors (FIIs) were net sellers in capital markets as they offloaded shares worth Rs 1,131.67 crore on December 8, according to exchange data.

Position of various stocks listed in BSE

IndusInd Bank was the top gainer in the Sensex pack, rising 1.10 percent, followed by HUL, Tata Steel, NTPC, SBI, ITC, Nestle India and Maruti.

On the other hand, HCL Tech, Infosys, Tech Mahindra and Axis Bank were the losers.

Performance of markets worldwide

Asian markets in Tokyo, Shanghai, Seoul and Hong Kong were trading with gains in mid-session deals.

Equities on Wall Street ended higher in the overnight session on December 8.

The rupee appreciated by 19 paise to 82.19 against the US dollar in early trade on Friday.

International oil benchmark Brent crude was trading 0.85 percent higher at USD 76.80 per barrel.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)