Markets open higher; turn choppy later amid mixed global trends

The 30-share BSE index advanced 113.2 points to 60,411.20 in early deals. The broader NSE Nifty climbed 35.7 points to 17,992.20.

PTIUpdated: Friday, August 19, 2022, 10:22 AM IST
article-image
Sensex jumps 486 points in early trade amid firm global market trends | pexels

Mumbai: Equity benchmarks started the trade on a positive note on Friday, with the Sensex climbing over 113 points in early trade, amid mixed trends from global equities.

The 30-share BSE index advanced 113.2 points to 60,411.20 in early deals. The broader NSE Nifty climbed 35.7 points to 17,992.20.

Later, both the benchmark indices turned volatile, with the Sensex and the Nifty swinging between gains and losses.

From the Sensex pack, Tech Mahindra, Kotak Mahindra Bank, Wipro, Tata Consultancy Services, Larsen & Toubro, HCL Technologies, Infosys, Titan, Sun Pharma and UltraTech Cement were among the major gainers in early trade.

On the other hand, IndusInd Bank, Power Grid, ICICI Bank, NTPC and State Bank of India were among the biggest laggards.

In Asia, markets in Seoul and Shanghai were trading lower, while Tokyo and Hong Kong quoted in the green in mid-session deals.

Markets on the Wall Street had ended higher on Thursday.

The BSE benchmark index had ended 37.87 points or 0.06 per cent higher at 60,298 on Thursday. The Nifty gained 12.25 points or 0.07 per cent to settle at 17,956.50.

Meanwhile, the international oil benchmark Brent crude was trading 0.38 per cent lower at USD 96.21 per barrel.

Foreign Institutional Investors (FIIs) offloaded shares after many days as they sold shares worth Rs 1,706 crore on Thursday, according to exchange data.

"The market momentum which pushed the Nifty up by 18 per cent from the June lows is likely to face some headwinds from now on. The sudden sharp spike in the dollar index will impact capital flows to emerging markets like India. The consistent FII buying seen in August is likely to lose steam impacting sentiments," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

As PM Modi rolls out 5G on Saturday, here’s how fast it really will be beyond the hype

As PM Modi rolls out 5G on Saturday, here’s how fast it really will be beyond the hype

Avinash Pandey named President of India Chapter IAA, Abhishek Karnani elected Vice President

Avinash Pandey named President of India Chapter IAA, Abhishek Karnani elected Vice President

Indian Oil keeps prices of petrol, diesel unchanged in Delhi since Thursday; check rates in other...

Indian Oil keeps prices of petrol, diesel unchanged in Delhi since Thursday; check rates in other...

Nervousness in global financial markets but Indian economy continues to be resilient: RBI chief...

Nervousness in global financial markets but Indian economy continues to be resilient: RBI chief...

Opening bell: Sensex, Nifty fall in early trade ahead of RBI monetary policy decision

Opening bell: Sensex, Nifty fall in early trade ahead of RBI monetary policy decision