Last updated: February 03, 2023, 9:29 AM IST
A man looks at a screen across the road showing the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (File photo/Reuters)
Sensex Today: Indian domestic markets open higher in Friday’s trading amid mixed global signals.
Sensex Today: Indian domestic markets open higher in Friday’s trading amid mixed global signals.
Benchmark indices Nifty50 climbed more than 100 points to trade above 17,700 levels, while the S&P BSE Sensex rose more than 400 points to regain 60,000 levels.
Broader markets were also upbeat in trading as the Nifty MidCap 100 and Nifty SmallCap 100 indices rose to 0.2 percent. The volatility gauge, India VIX, meanwhile, fell more than 2 percent.
Sector-wise, Nifty Bank started trading in positive territory, gaining as much as 1 percent. On the other hand, the Nifty Realty and Nifty Metal indices stalled in trading.
Index heavyweights State Bank of India, ITC except IndiGo, Bank of Baroda and Divi’s Labs are among a host of companies set to report third quarter results today.
Global signals
Tokyo’s main Nikkei index opened higher on Friday following rallies in US tech stocks on the better-predicted results of Facebook owner Meta, which boosted investor confidence about upcoming earnings from other giants. The benchmark Nikkei 225 index rose 0.29 percent, or 78.97 points, to 27,481.02 in early trading, while the broader Topix index fell 0.02 percent, or 0.34 points, to 1,964.83.
The Nasdaq and the S&P 500 closed higher on Thursday, reaching near five-month highs, after a more dovish-than-expected message from Federal Reserve Chairman Jerome Powell sent Meta Platforms shares and shares soar thanks to strict cost controls .
Oil prices posted modest gains in early trading on Friday but headed for a second straight week of losses as the market looked for more signs of a strong recovery in fuel demand in China to avert looming slumps in other major offset economies.
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