Mumbai: Market benchmarks climbed in early trade on Friday, bouncing back from the previous day's fall, following a positive trend in global equities and fresh foreign fund inflows. The BSE Sensex climbed by 503.56 points to reach 59,412.91 after starting the trade on a positive note. The NSE Nifty advanced by 157.15 points to end at 17,479.05.
The BSE benchmark had tumbled by 501.73 points or 0.84 percent to settle at 58,909.35 on Thursday. The Nifty declined by 129 points or 0.74 percent to end at 17,321.90. Foreign Portfolio Investors (FPIs) bought shares worth Rs 12,770.81 crore on Thursday, according to exchange data.
From the Sensex pack, State Bank of India, Power Grid, IndusInd Bank, NTPC, HCL Technologies, Bharti Airtel, ITC, Mahindra & Mahindra, Reliance Industries and HDFC Bank were the major gainers. Asian Paints was the only laggard.
In Asian markets, Seoul, Japan, China and Hong Kong were trading in the green. The US markets had ended higher on Thursday.
International oil benchmark Brent crude dipped 0.40 percent to USD 84.43 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.)