Sensex surges over 100 points in opening deals

BSE Oil and gas, metal, healthcare stocks lead gains. Infosys slips 1%

Markets opened on a positive note this Friday on hopes of growth recovery in US after the number of Americans who filed for unemployment benefits declined to a six-week low, showing further improvement in the labour market.

 

At 9:30AM, the Bombay Stock Exchange's Sensex gained 122 points to trade at 19,535.67 while the National Stock Exchange's Nifty rose 35 points at 5,898.65. 

 

Asian markets traded mixed with China's Shanghai Composite Index up 0.01% to 2,325 , Singapore's Straits Times dropping 0.16% to 3,293 , Hong Kong's Hang Seng rose 1.1% to 23,014 while Japan's Nikkei gained 2% to 12,219.

 

 

Back home, among sectors, BSE- technology and IT indices dropped while oil & gas, consumer durables, PSUs, metal, healthcare gained.

 

Among the individual stocks, Jindal Steel rose 2%, Mahindra & Mahindra and Hero MotoCorp rose over 1% each, ONGC gained 1%, Reliance Industries is up 0.8% on BSE.

 

The laggards included counters such as Infosys falling nearly 1%, Dr Reddy’s down 0.1% while Bajaj Auto and Tata Motors droppedo.4% each.

 

The broader markets gained with mid-caps and small- caps rising 0.4% on BSE.

 

The market breadth was positive. Out of 1,170 stocks traded , 853 stocks advanced compared to 280 declines on BSE.