New Delhi: Markets staged smart recovery on Friday after posting over 1.5 percent drop yesterday.
The BSE Sensex jumped 169.92 points or 0.48 percent to 35,482.05 in early trade while the NSE Nifty edged higher by 29.85 points or 0.28 percent to 10,631.00.
Top gainers include Asian Paints, ITC, Bajaj Auto, M&M, ICICI Bank, Kotak Bank, Maruti, HDFC Bank, Hero MotoCorp, Infosys and Tata Motors, rising over 1.13 percent. While top losers were Wipro, Coal India, ONGC, Tata Steel, HUL and TCS, falling up to 1.87 percent.
Shares of HCL Technologies opened over 6 percent lower after the company said it will acquire select IBM software products for USD 1.8 billion (over Rs 12,700 crore) in an all-cash deal.
On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 72.47 crore Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 389.78 crore, provisional data available with BSE showed.
Led by the sharp fall in equities, the market capitalisation of BSE-listed companies slumped Rs 2,28,329.72 crore to Rs 1,39,86,824.95 at today's closing. The total market capitalisation of BSE listed companies stood at Rs 1,42,15,154.67 on December 5.
Asian shares fought to sustain the slimmest of recoveries on Friday, Reuters wrote.
MSCI’s broadest index of Asia-Pacific shares outside Japan nudged up 0.4 percent, though that followed a 1.8 percent drubbing on Thursday.
Japan’s Nikkei added 0.2 percent and Chinese blue chips 0.3 percent. E-Mini futures for the S&P 500 started firmer but were last down 0.1 percent.