Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, surged in opening trade on Friday. While BSE Sensex moved above 79,700, Nifty50 was above 24,300. At 9:17 AM, BSE Sensex was trading at 79,711.50, up 606 points or 0.77%. Nifty50 was at 24,330.00, up 186 points or 0.77%.
Analysts generally anticipate that the market will continue to consolidate in the short term, influenced by global factors.
“A decisive move below 23900 could trigger near term downward correction in the market. Immediate resistance is placed at 24250-24300 levels,” said Nagaraj Shetti of HDFC Securities.
Oil prices edged lower in early Asian trading on Friday, but the market’s benchmarks were set for a second consecutive weekly gain after upbeat U.S. economic data eased investor worries about a potential recession in the top oil consuming nation.
Brent crude futures fell 16 cents, or 0.2%, to $80.88 per barrel by 0024 GMT. U.S. West Texas Intermediate crude futures fell 23 cents, or 0.3%, to $77.93 a barrel.
Several stocks are in the F&O ban today, including India Cements, AB Capital, Birla Soft, Indiamart, RBL Bank, Sun TV, Hindustan Copper, ABFRL, Manappuram, LIC Housing Finance, PNB, Granules, SAIL, Bandhan Bank, Biocon, NMDC, PEL, GNFC, and Chambal Fertilisers.
Foreign portfolio investors turned net sellers at Rs 2,595 crore on Wednesday, while DIIs bought shares worth Rs 2236 crore.
The net short of FIIs increased from Rs 21,236 crore on Tuesday to Rs 30547 crore on Wednesday.
Analysts generally anticipate that the market will continue to consolidate in the short term, influenced by global factors.
“A decisive move below 23900 could trigger near term downward correction in the market. Immediate resistance is placed at 24250-24300 levels,” said Nagaraj Shetti of HDFC Securities.
Oil prices edged lower in early Asian trading on Friday, but the market’s benchmarks were set for a second consecutive weekly gain after upbeat U.S. economic data eased investor worries about a potential recession in the top oil consuming nation.
Brent crude futures fell 16 cents, or 0.2%, to $80.88 per barrel by 0024 GMT. U.S. West Texas Intermediate crude futures fell 23 cents, or 0.3%, to $77.93 a barrel.
Several stocks are in the F&O ban today, including India Cements, AB Capital, Birla Soft, Indiamart, RBL Bank, Sun TV, Hindustan Copper, ABFRL, Manappuram, LIC Housing Finance, PNB, Granules, SAIL, Bandhan Bank, Biocon, NMDC, PEL, GNFC, and Chambal Fertilisers.
Foreign portfolio investors turned net sellers at Rs 2,595 crore on Wednesday, while DIIs bought shares worth Rs 2236 crore.
The net short of FIIs increased from Rs 21,236 crore on Tuesday to Rs 30547 crore on Wednesday.
