NSE & BSE rebound in early trade on firm global equities

Mumbai: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows. The 30-share BSE Sensex jumped by 280.62 points to reach 63,198.25 in early trade. The NSE Nifty climbed by 82.8 points to settle at 18,770.90.

Status of previous trading session

The Sensex had slipped by 310.88 points or 0.49 percent to settle at 62,917.63 on Thursday. The Nifty declined by 67.80 points or 0.36 percent to end at 18,688.10. Foreign Institutional Investors (FIIs) bought equities worth Rs 3,085.51 crore on Thursday, according to exchange data.

Position of stocks listed in BSE

From the Sensex pack, UltraTech Cement, State Bank of India, Nestle, ICICI Bank, and Reliance Industries were the major gainers. Tata Consultancy Services, Wipro, Power Grid, and Maruti were the biggest laggards.

Performance of markets worldwide

In Asian markets, Seoul, Shanghai, and Hong Kong traded in the green, while Tokyo quoted lower. The US markets ended significantly higher on Thursday. Global oil benchmark Brent crude dipped by 0.25 percent to USD 75.49 a barrel. "FIIs turning net buyers to the tune of Rs 3,086 crore in yesterday's trade may aid sentiment," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

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