Stock Market: Sensex and Nifty gains over 400 and 100 points respectively

Breaking a string of negative start, the domestic stock market on Friday began its business on a positive note. In the first few minutes of the trade, the Sensex traded at 34,420.54, up by 419.39 points or 1.23 percent while the Nifty50 was at 10,350.20, with a gain of 115.55 points or 1.13 percent.

Notably, the BSE Sensex and Nifty50 of the National Stock Exchange (NSE) today opened at 34,291.92 and 10,331.55 respectively.

The top five gainers in the Sensex pack were Yes Bank, Axis Bank, Mahindra and Mahindra, Vedanta, and Coal India. Meanwhile, the rupee opened 29 paise higher at 73.83 per dollar from its previous close.

According to provisional NSE data, foreign portfolio investors sold net equities of Rs. 2,869.41 crore while domestic institutional investors purchased shares worth a net value of Rs. 1,888.18 crore.

As per the report of news agency Reuters, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, a day after it fell 3.6 percent to hit one-and-a-half year low.

Earlier, on Thursday, the Sensex had closed 759.74 points or 2.19 percent lower at 34,001.15, and the Nifty had settled at 10,234.65, down 225.45 points or 2.16 percent.

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