NSE & BSE open on higher note in early trade

New Delhi: Benchmark stock indices climb in early trade on Friday. The NSE opened at 18,368.35 while the BSE opened at 61,985.36. Currently, the NSE is trading at 18,379.55 while the BSE is trading at 62,122.31. On Thursday, the BSE is 61,872.62 and the NSE is 18,321.15.

Position of stocks listed in BSE

As per the live data by NSE, 37 stocks are trading in the green zone while 13 stocks are trading in the red zone. On BSE, 19 scrips are gainers while 11 scrips are losers. From the Sensex pack, NTPC, Titan, Sun Pharma, and SBI are trading on a higher note while Powergrid, Tata Motors, Airtel, and Axis Bank are trading on a lower note.

Performance of markets worldwide

Stocks showed little movement on Friday, with the exception of Japan, where there were notable gains, while the artificial intelligence sector took a pause. At the same time, there was a sense of urgency surrounding high-stakes negotiations to prevent a US debt default. In thin trading due to a holiday in Hong Kong, MSCI's broadest index of Asia-Pacific shares, excluding Japan, edged up 0.3 percent. However, the index was down 1.6 percent for the week.

On the other hand, Japan's Nikkei index climbed 0.7 percent, benefiting from foreign investments and positive news regarding US chipmaker Nvidia's revenue and production upgrades. This development has led to a significant increase in the stock prices of Japanese companies with exposure to Nvidia. With a seventh consecutive weekly gain, the Nikkei has experienced its longest winning streak in five years, resulting in a remarkable USD 460 billion surge in Japanese stocks.

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