Market gains 103 points; Nifty regains 8300

The NSE index Nifty also recaptured the 8,300 level by inching up 30.05 points, or 0.36 percent, to 8,303.85.

Market gains 103 points; Nifty regains 8300

Mumbai: The market made a solid opening on Friday as the benchmark Sensex gained over 103 points taking support from domestic investors, extending its yesterday's rally on the back of a firm Asian trend.

Moreover, an appreciating rupee brought more cheer.

The 30-share index advanced 103.48 points, or 0.38 percent, to 26,981.72, with healthcare, consumer durables, metal, auto, capital goods, oil and gas and banking stocks trading in the positive zone, rising by up to Rs 0.59 percent.

The gauge had rallied 245.11 points in the previous session.

The NSE index Nifty also recaptured the 8,300 level by inching up 30.05 points, or 0.36 percent, to 8,303.85.

Brokers said increased buying by domestic financial institutions amid a firming trend in the Asian region gave investors the confidence.

Hong Kong's Hang Seng was up 0.49 percent and Shanghai Composite gained 0.02 percent in early trade today. Japan's Nikkei, however, fell 0.40 percent.

The US Dow Jones Industrial Average, however, ended 0.21 percent lower yesterday.

 

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.