Sensex edges up as select blue-chips take spotlight
ONGC, Tata Steel, ITC, Lupin, Axis Bank, Tata Motors, GAIL, M&M & Reliance Industries were trading in the positive zone
The Sensex recovered by over 49 points on Friday, driven by a fresh round of buying in select blue-chips, even as Asia traded lower ahead of a key US employment report due for release later in the day.
The benchmark, which had shed 228.34 points in the previous two sessions, was in the green, up 49.47 points, or 0.17 per cent at 28,155.68, led by oil and gas, PSU, infrastructure, metal and healthcare indices, rising by up to 1.41 per cent.
The 50-share NSE Nifty was higher by 12.70 points, or 0.14 per cent, at 8,722.25.
From the Sensex pack, ONGC, Tata Steel, ITC, Lupin, Axis Bank, Tata Motors, GAIL, M&M and Reliance Industries were trading in the positive zone, jumping by up to 1.43 per cent.
Sentiment, brokers said, turned for the better after investors made selective purchases and shrugged off a weak trend overseas and overnight losses on the Wall Street as investors awaited the outcome of a US jobs report.
Japan's Nikkei was down 0.18 per cent while Hong Kong's Hang Seng shed 0.35 per cent in early trade. Chinese markets are closed all this week for the National Day holiday.
The US Dow Jones Industrial Average ended 0.07 per cent lower on Thursday.