NSE & BSE climb in early trade

Mumbai: Equity benchmark indices bounced back in early trade on Friday amid a rally in global markets and continuous foreign fund inflows.
The 30-share BSE Sensex climbed by 135.43 points to reach 62,984.07 in early trade. The NSE Nifty advanced by 42.1 points to reach 18,676.65.

Status of previous trading session

The Sensex fell by 294.32 points or 0.47 percent to settle at 62,848.64 on Thursday. The NSE Nifty declined 91.85 points or 0.49 percent to end at 18,634.55. Foreign Institutional Investors (FIIs) bought equities worth Rs 212.40 crore on Thursday, according to exchange data.

Position of stocks listed in BSE

From the Sensex pack, IndusInd Bank, Titan, Tata Motors, UltraTech Cement, Larsen & Toubro, Axis Bank, Bajaj Finance and Bharti Airtel were the biggest gainers. Tata Steel, Mahindra & Mahindra, Infosys, State Bank of India, and Kotak Mahindra Bank were among the laggards.

Performance of markets worldwide

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading in the green. The US markets ended in positive territory on Thursday. Global oil benchmark Brent crude dipped by 0.51 percent to USD 75.57 a barrel.

According to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, intra-day volatility could persist as investors fear the Federal Reserve could remain hawkish at its June 14 meeting after a surprise interest rate hike by Bank of Canada.

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