Equities extend rally amid positive trend in global markets

Benchmark stock indices continued their advance the previous day On Friday amid buying in the main index Reliance Industriesnew inflows of foreign funds and a largely positive trend in global markets.

30 servings of mad cow Sensex It rose 178.34 points to 62,050.96 points in early trading. NSE elegant It gained 51.1 points to reach 18,372.25 points.

From the Sensex package, Reliance Industries, Tech Mahindra, Maruti, UltraTech Cement, Wipro, Bajaj Finserv, Hindustan Unilever, Infosys, Titan and State Bank of India were among the main gainers.

Power Grid, HDFC, Axis Bank, IndusInd Bank, ICICI Bank and HDFC Bank were far behind. In Asian markets, Seoul and Tokyo traded in the green, while Shanghai posted a decline.

The US market closed higher on Thursday.

The Sensex index jumped 98.84 points, or 0.16 percent, to settle at 61,872.62 points on Thursday. The Nifty Index rose 35.75 points, or 0.20 percent, to close at 18,321.15.

Foreign institutional investors (FIIs) were net buyers on Thursday buying shares worth Rs 589.10 crore, according to exchange data.

Meanwhile, Brent crude, the global benchmark for oil, fell 0.26 percent to $76.06 a barrel.

“Amid winds of optimism blowing through the market, the Nifty bulls are seeking to snatch the reins of positivity from yesterday’s strong recovery. As the market mood improved, supported by a rally in Nasdaq and S&P 500 and an influx of buyers on Dalal Street, we found ourselves cautiously optimistic.

“However, amid this prevailing optimism, we have to be wary of the unresolved US debt ceiling,” said Prashanth Tapsi – Research Analyst, SVP (Research), Mehta Equities Limited, in a pre-market opening quote.