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Stock Market Update: Sensex Jumps Over 500 pts; Nifty Above 15,700; Key Points


The Sensex and Nifty benchmarks started on an upbeat note on Friday morning, tracking strength in the US overnight and Asian markets this morning. At 09:16 IST, the Sensex was up 526.66 points or 1.01 per cent at 52792.38, and the Nifty was up 163.50 points or 1.05 per cent at 15720.20.

Top Gainers & Losers

IndusInd Bank, Axis Bank, SBI, ICICI, Bajaj Finance, Wipro, Tata Steel and Ultratech Cement led gains on the Sensex, while Nestle and HDFC were the only losers.

Global Cues

Asian markets jumped in Friday’s trade, tracking Wall Street rallies, as investors weighed global inflation and recession risks. MSCI’s index of Asia-Pacific shares outside Japan was up 0.96 per cent.

Tokyo’s key Nikkei index opened flat on Friday in cautious trade after Wall Street rallies, as investors weighed global inflation and recession risks. The benchmark Nikkei 225 index was up 0.04 per cent, or 11.14 points, at 26,182.39 in early trade after floating between positive and negative territory, while the broader Topix index was down 0.22 per cent, or 4.05 points, at 1,847.69.

Stocks in global markets rose on Thursday as US Treasury yields fell to two-week lows, while copper was at 16-month lows as investors worried about a possible global economic slowdown. The Dow Jones Industrial Average rose 194.23 points, or 0.64 per cent, to 30,677.36, the S&P 500 gained 35.84 points, or 0.95 per cent, to 3,795.73 and the Nasdaq Composite added 179.11 points, or 1.62 per cent, to 11,232.19.

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