Markets rebounded after sharp losses in previous two sessions amid firm global cues
Benchmark share indices rebounded in early trades on Friday, amid firm global cues, as investors bought shares at lower levels after sharp losses in the previous two sessions.
At 9:33AM, the 30-share Sensex was up 100 points at 20,329 and the 50-share Nifty wsa up 32 points at 6,031.
Asian markets were trading higher on Friday tracking overnight gains on Wall Street after the Dow ended above 16.000 for the first time. Japan's Nikkei emerged as the top gainer in the region following weakness in the yen. The Nikkei was up 1.4%. Among other indices in the region, Shanghai Composite and Hang Seng were up 0.2-0.6% each. Straits Times was trading flat with negative bias.
The Dow Jones and S&P 500 rebounded on Thursday after losses in the previous three sessions on the back of encouraging economic data and inflation remaining below the US Fed's estimate. The number of US citizens applying for new claims for unemployment benefits was down more than expected while inflation remained tamed at 1% compared with the US Fed's estimate of 2%.
The Dow Jones Industrial average ended up 109 points, or 0.7%, to end at 16,009.99. The Standard & Poor's 500 Index gained 14 points, or 0.8% at 1,795.85. The tech laden Nasdaq Composite Index ended up 48 points or 1.2% at 3,969.16.
Key European shares ended lower on Thursday weighed down by weak economic data from China and the US Fed minutes indicating winding down its monetary stimulus measures. The CAC-40 ended down 14 points lower at 4,253.90, the DAX lost 6 points to end at 9,196.08, while the FTSE-100 ended nearly unchanged at 6,681.33.
The Indian rupee was trading flat against the US dollar in early trades at 62.95 against Thursday's close of 62.94. On Thursday the rupee weakened after minutes from the US Federal Reserve's October meeting showed policymakers were considering cutting its stimulus programme in the coming months. The rupee ended at 62.94, compared with Wednesday's close of 62.58 a dollar.
Realty index was the top gainer among the sectoral indices on the BSE up 1% followed by Consumer Durables, Capital Goods, Metal and Bankex indices.
HDFC, L&T, ICICI Bank, ITC, SBI and Infosys were among the top Sensex gainers.
However, Tata Motors and Sun Pharma were marginally down on profit taking after recent gains.
In the broader market, the BSE Mid-cap index was up 0.6% and Small-cap index was up 0.5%.
Market breadth was positive with 682 gainers and 205 losers on the BSE.
At 9:33AM, the 30-share Sensex was up 100 points at 20,329 and the 50-share Nifty wsa up 32 points at 6,031.
Asian markets were trading higher on Friday tracking overnight gains on Wall Street after the Dow ended above 16.000 for the first time. Japan's Nikkei emerged as the top gainer in the region following weakness in the yen. The Nikkei was up 1.4%. Among other indices in the region, Shanghai Composite and Hang Seng were up 0.2-0.6% each. Straits Times was trading flat with negative bias.
The Dow Jones and S&P 500 rebounded on Thursday after losses in the previous three sessions on the back of encouraging economic data and inflation remaining below the US Fed's estimate. The number of US citizens applying for new claims for unemployment benefits was down more than expected while inflation remained tamed at 1% compared with the US Fed's estimate of 2%.
The Dow Jones Industrial average ended up 109 points, or 0.7%, to end at 16,009.99. The Standard & Poor's 500 Index gained 14 points, or 0.8% at 1,795.85. The tech laden Nasdaq Composite Index ended up 48 points or 1.2% at 3,969.16.
Key European shares ended lower on Thursday weighed down by weak economic data from China and the US Fed minutes indicating winding down its monetary stimulus measures. The CAC-40 ended down 14 points lower at 4,253.90, the DAX lost 6 points to end at 9,196.08, while the FTSE-100 ended nearly unchanged at 6,681.33.
The Indian rupee was trading flat against the US dollar in early trades at 62.95 against Thursday's close of 62.94. On Thursday the rupee weakened after minutes from the US Federal Reserve's October meeting showed policymakers were considering cutting its stimulus programme in the coming months. The rupee ended at 62.94, compared with Wednesday's close of 62.58 a dollar.
Realty index was the top gainer among the sectoral indices on the BSE up 1% followed by Consumer Durables, Capital Goods, Metal and Bankex indices.
HDFC, L&T, ICICI Bank, ITC, SBI and Infosys were among the top Sensex gainers.
However, Tata Motors and Sun Pharma were marginally down on profit taking after recent gains.
In the broader market, the BSE Mid-cap index was up 0.6% and Small-cap index was up 0.5%.
Market breadth was positive with 682 gainers and 205 losers on the BSE.
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