Home BusinessFollowing a decline in opening trade due to new foreign money inflows, markets recover.

Following a decline in opening trade due to new foreign money inflows, markets recover.

by Nikita Sharma
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The major equity indices, the Sensex and Nifty, began Friday’s trading session lower but quickly gained ground and were trading higher as new foreign capital inflows bolstered investor mood.

In early trading, the 30-share BSE benchmark Sensex fell 252.8 points to 76,095.26. At 23,132.80, the NSE Nifty fell 57.85 points.

Later on, though, both benchmark indices gained back all of the ground they had lost in the beginning and were trading higher. The Nifty quoted 70.05 points higher at 23,262.55, while the BSE benchmark barometer traded 205.09 points higher at 76,550.97.

NTPC, Maruti, Power Grid, Adani Ports, Tata Motors, Reliance Industries, Bajaj Finance, Nestle, and Kotak Mahindra Bank were among the companies that gained from the Sensex pack.

But among the laggards were Infosys, Titan, HCL Tech, Tata Consultancy Services, HDFC Bank, IndusInd Bank, Tech Mahindra, Asian Paints, and Zomato.

Shanghai and Hong Kong traded down in Asian markets, but Seoul and Tokyo were trading in the positive region.

On Thursday, US markets ended the day slightly down.

Exchange data shows that foreign institutional investors (FIIs) purchased stocks on Thursday for a total of Rs 3,239.14 crore.

Trade tensions are rising at the moment of this week’s market bounce, which saw the Nifty jump 3.5%. More is anticipated when the reciprocal tariffs go into effect on April 2. FIIs’ two-day cash market purchases are the primary cause of the surge, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Brent crude, a global oil benchmark, increased by 0.43 percent to USD 72.31 a barrel.

The BSE benchmark recovered the 76,000 barrier on Thursday, rising 899.01 points, or 1.19 percent, to close at 76,348.06. Regaining the 23,000 milestone, the Nifty jumped 283.05 points, or 1.24 percent, to close at 23,190.65.

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