Indian shares opened a tad higher on Friday, mirroring firm cues from global markets after U.S. President Biden and a group of senators agreed on a $1 trillion infrastructure plan.
The benchmark 30-share BSE Sensex inched up 103 points, or 0.2 percent, to 52,802 in early trade, while the broader NSE Nifty index was up 33 points, or 0.2 percent, at 15,824.
Metal stocks paced the gainers, with Tata Steel rising as much as 3.5 percent while JSW Steel rallied 2.1 percent and Hindalco added 1.5 percent.
Tata Motors advanced 2 percent, a day after announcing changes to its board of directors.
ONGC jumped 1.8 percent as oil prices held close to their highest in almost three years, helped by drawdowns in U.S. inventories and doubts about the future of the 2015 Iran nuclear deal.
Reliance Industries fell over 2 percent to extend declines from the previous session.
Indian Bank rose 0.8 percent after it raised Rs. 1,650 crore through a QIP issue.
Indraprastha Gas rose over 1 percent and Shree Renuka Sugars surged 4.2 percent ahead of their earnings results.
Apollo Hospitals Enterprise advanced 2.7 percent after it announced the creation of India’s largest omni-channel digital health platform.
Cadila Healthcare gained half a percent as it received tentative approval from the U.S. FDA to market Fingolimod capsules.
Union Bank of India climbed 1.2 percent after raising Rs. 850 crore through bonds.
Market Analysis
Sensex Up Over 100 Points; Nifty At 15,824
2021-06-25 04:48:25
