Boom in the stock market, bumper boom in the stock market; Sensex-Nifty in green, Infosys shares surge – share market opening sensex zooms over 1,000 pts nifty reclaims 17,300 infosys rallies 4 percent
In early trade, the BSE Sensex was up 1045 points at 58,280, while the Nifty was up 308 points at 17,322. No stock in Nifty 50 was in red mark either.
A break in the US market decline
After six straight days of decline, the US stock market closed with strong gains on Thursday. Wall Street’s main sentiment index, the Dow Jones, closed at 30038, a huge jump of 827 points, or 2.83%. Another index of the US stock market, the Nasdaq Composite, also rose 2.23% or 232 points to close at 10649. On the other hand, the S&P rose 2.60 percent on strong buying. At the same time, most of the markets in Europe remained bullish. The DAX gained 1.51 percent and the CAC 40 gained 1.04 percent.
Rupee strong
On the other hand, the Indian rupee was seen strengthening against the US currency on Friday after the US inflation data proved to be short-lived. In early trade, the rupee was seen trading around 82.28, which was at 82.3450 in the previous session. The dollar index fell to 112.22 in Asian trade.
Top Gainers and Top Losers of Nifty
The market’s early bullish momentum continued, gaining over 1000 points to touch a level of 58,276.15 at 9.20 am. Meanwhile, all 30 stocks in the Sensex were seen trading in the green. Most shares of Infosys rose 4 percent. Apart from this, Sunforma saw the lowest growth of half a percent. Top gainers on the Nifty included Infosys, ICICI Bank, SBI Life, HCL Tech and State Bank of India.
