Following a roughly 1% fall the day before, equity benchmark indices recovered in Friday’s trading on positive developments in the international markets.
The largest gainers among the companies included on the Sensex were NTPC, Tata Motors, JSW Steel, Tata Steel, State Bank of India, Larsen & Toubro, Reliance Industries Limited, Sun Pharma, Bharti Airtel, and ITC.
The laggards included Infosys, Wipro, Asian Paints, HCL Technologies, Tata Consultancy Services, and Axis Bank.
Tokyo, Shanghai, and Hong Kong were trading in the green on Asian markets.
On Thursday, the US stock markets finished in the black.
Benchmark Brent crude for world oil increased 0.05% to USD 95.43 per barrel. According to exchange statistics, foreign institutional investors (FIIs) sold shares of stock on Thursday totaling Rs 3,364.22 crore.
“Markets may see a firm opening on the back of strong global cues, but stocks are likely to fluctuate intra-day given the uncertainty over the rising interest rate scenario, surge in the US dollar and bond yields, and rising crude oil prices,” Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said in his pre-opening market comment.
The BSE benchmark dropped 610.37 points or 0.92 percent on Thursday to finish at 65,508.32. To finish at 19,523.55, the Nifty dropped 192.90 points, or 0.98 percent.