Sensex jumps over 100 pts in opening trade; Nifty tops 17,100

Stock exchanges in the US ended on a positive note in the overnight session.

Mumbai: Equity benchmark Sensex jumped over 100 points in early trade on Friday, tracking gains in index majors Infosys, TCS and HCL Tech amid a positive trend in global markets.

After a volatile opening, the 30-share index jumped 114.57 points or 0.20 per cent to 57,429.85 in the opening trade. Similarly, the Nifty advanced 28.50 points or 0.17 per cent to 17,101.10.

HCL Tech was the top gainer in the Sensex pack, rising over 2 per cent, followed by UltraTech Cement, TCS, Asian Paints, Infosys and Dr Reddy’s and Wipro.

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On the other hand, IndusInd Bank, Kotak Bank and NTPC were among the laggards.

In the previous session, the 30-share equity benchmark jumped 384.72 points or 0.68 per cent to end at 57,315.28, and NSE Nifty advanced 117.15 points or 0.69 per cent to 17,072.60.

According to analysts, domestic equities are following the broader positive trend in global markets. However, indices are expected to trade on a volatile note as investors would prefer booking profits at higher levels.

Meanwhile, foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 271.59 crore on Thursday, according to stock exchange data.

Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul were trading with gains in mid-session deals, while Shanghai was in the red.

Meanwhile, international oil benchmark Brent crude fell 0.10 per cent to USD 76.52 per barrel.

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