Markets rebound on buying in IT stocks

Mumbai, Oct 4: Equity benchmark indices staged a smart recovery and were trading higher during the afternoon trade on Friday amid buying in IT stocks and firm trends in Asian markets.

Recovering all the early lost ground, the BSE Sensex jumped 726.16 points to 83,223.26 during the afternoon trade. The NSE Nifty also climbed 203.3 points to 25,453.40.

From the 30 Sensex firms, Infosys, Tech Mahindra, JSW Steel, Tata Motors, Axis Bank, State Bank of India, HCL Technologies and Tata Consultancy Services were among the gainers.

Nestle, Mahindra & Mahindra, Bajaj Finance and Asian Paints were the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong were trading in the positive territory. Markets in mainland China are closed due to a holiday.

The US markets ended lower on Thursday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 15,243.27 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude dipped 0.06 per cent to USD 77.57 a barrel.

Falling for the fourth straight session on Thursday, the BSE benchmark tumbled 1,769.19 points or 2.10 per cent to settle at 82,497.10. During the day, it plummeted 1,832.27 points or 2.17 per cent to 82,434.02.

The Nifty slumped 546.80 points or 2.12 per cent to 25,250.10. (PTI)

Hot this week

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

40 ‘illegal’ workers pushed back

Shillong, Apr 2: Activists of Jaintia National Council (JNC)...

Debate over Waqf Board amendments; NEMSU opposes government’s move

Guwahati, April 2: A proposed amendment to the Waqf...

Kaziranga smashes tourism records: Over 4 lakh visitors flock to wildlife haven in 2024-25

Guwahati, April 2: Kaziranga National Park & Tiger Reserve...

Ryndia gets prestigious GI tag

Shillong, Apr 2: In a remarkable achievement in Meghalaya’s...

Nothing wrong in asking for smaller states, says Hek

Shillong, Apr 2: Cabinet minister AL Hek supported Purno...

Simultaneous polls to reduce expenses: Hek

Shillong, Apr 2: BJP leader and cabinet minister AL...

Hek slams Yunus for remark on NE

Shillong, Apr 2: Bangladesh interim government chief adviser Muhammad...

Assam to hold two-phased panchayat elections on May 2 and 7; results on May 11

Guwahati, April 2: The panchayat elections in Assam will...
spot_img

Related Articles

Popular Categories

spot_imgspot_img