Markets opens in green on strong global cues; Nifty surges past 11,100

New Delhi: Markets opened in the green on Friday following news reports that the government might consider to roll back surcharge on  Foreign Portfolio Investors (FPIs) amidst strong global cues.

The BSE Sensex jumped 274.46 points or 0.74 percent to 37,601.82 in early trade while the NSE Nifty edged higher by 84.35 points or 0.76 percent to 11,116.80.

Top gainers in the Sensex pack were Powergrid, HDFC Bank, L&T,  Heromoto Corp, NTPC, Vedanta, Axis Bank, Maruti, Bajaj Fianance, RIL and ONGC, rising upto 2.39 percent. On the other hand shares of Tata Motors, Tech Mahindra, Bharti Airtel, M&M, TCS, Sun Pharma, Infosys, were trading in red, falling upto 0.77 percent.

In the previous session on Thursday, the BSE Sensex jumped 636.86 points or 1.74 percent to 37,327.36 while the NSE Nifty soared 176.95 points or 1.63 percent to 11,032.45.

FPIs sold shares worth a net of Rs 437.39 crore, while domestic institutional investors bought shares worth Rs 291.29 crore, provisional data showed.

Among Asian peers MSCI`s broadest index of Asia-Pacific shares outside Japan was 0.2 percent higher but on track to lose 2.3 percent for the week. Japan`s Nikkei average gained 0.6 percent, while Australian stocks added 0.2 percent and South Korean shares climbed 1.1 percent. The benchmark Shanghai Composite and the blue-chip CSI300 were down 0.4 percent and 0.6 percent, respectively, while Hong Kong`s Hang Seng shed 0.2 percent, a Reuters report said.

On Wall Street on Thursday, the S&P 500 surged 1.9 percent - its largest one-day gain in about two months- while the Dow and the Nasdaq also advanced well more than 1 percent.

With Agency Inputs