Sensex Jumps Over 90 Points, Nifty Hits 11,750

Sensex Jumps Over 90 Points, Nifty Hits 11,750

Domestic stock markets started Friday's session on a higher note, after two days of losses. The S&P BSE Sensex index rose as much as 114.15 points to 39,095.58 in early trade, and the broader NSE Nifty moved to 11,756.10, up 31.35 points from the previous close. Gains in banking, financial services and energy stocks supported the markets, however weakness in information technology stocks kept the upside in check. 

At 9:29 am, the Sensex traded 58.85 points higher at 39,040.28, while the Nifty was up 17.50 points at 11,742.25. 

Bharti Infratel, ONGC, BPCL, Bharti Airtel, trading between 1.36 per cent and 2.07 per cent higher, were the top gainers on the 50-scrip index at the time. 

HDFC, HDFC Bank and ICICI Bank contributed the most to the advances on Sensex.

Equities in other Asian markets were subdued amid light trading volumes with the China and Japan markets still closed for holidays. Australia's benchmark index was last up 0.2 per cent, New Zealand shares were off 0.5 per cent while South Korea's KOSPI slipped 0.3 per cent.

Overnight on Wall Street, major indexes gave up initial gains and closed in the red, weighed down by energy shares.

(With inputs from Reuters)

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