Today, the benchmark Indian indices opened higher on the last trading session of the calendar year 2022, with Nifty above 18200.
The Sensex was up 159.78 points or 0.26% at 61293.66, and the Nifty was up 43.50 points or 0.24% at 18234.50.
About 1,636 shares advanced, 373 shares declined, and 96 shares were unchanged.
Bajaj Finserv, Tata Steel, Hindalco Industries, Tech Mahindra and Wipro were among the major gainers on Nifty, while the losers were M&M, Nestle India, Eicher Motors, Asian Paints, and HDFC Bank.
Metal index starts strong with a 1 per cent gain.
Gainers and Losers on the BSE Sensex in early trade | Source: BSE
Global market
The Asian markets traded in positive after a higher close on Wall Street. The Wall Street indices closed higher, with the Nasdaq Composite and Dow Jones Industrial Average going up by 2.6 per cent at 10,478.09 and 1.03 per cent at 33,220.8, respectively. All of the 11 S&P 500's sectoral indices were in green as the index went up by 1.75%.
In the Singapore exchange, Nifty Futures gained 60 points, Hong Kong's Hang Seng index jumped 1.07 per cent and in China, the Shanghai Composite gained 0.6 per cent. Even Japan's Nikkei 225 was positive with a gain of 0.23 per cent, while South Korea's Kospi dropped by 1.93 per cent.
BSE Sensex and NSE Nifty 50 ended higher on Thursday, with the Nifty Bank closing with a gain of one per cent. BSE Sensex went up by 224 points at 61,134, while the Nifty 50 was at 18,191 up by 69 points.
Dollar and Rupee
The dollar on Friday was on track for its best performance in seven years as it has surged more than 8 per cent this year, the most since 2015. It was at 103.93, 0.05 per cent lower. While, the Indian rupee on Friday opened at 82.78 per dollar against its previous close of 82.80.
Stocks in focus
The stocks on focus today would include Reliance and Retail Consumer Products, which acquired a 51 per cent stake in Lotus Chocolate Company, and Eicher Motors, which has invested in Spanish electric motorcycle company Stark Future. The other stocks include Cipla, Skipper, Tata Mahindra, Wipro, Hero MotoCorp, and HDFC Bank.
IPOs
In IPOs, Elin Electronics is to go on listing today, as the company had announced in an exchange filing.
