New Delhi, 02 January (H.S.): Domestic stock markets opened with modest gains on Friday but quickly accelerated into positive territory amid sustained buying interest, shrugging off intermittent profit-taking pressures.After an initial flat start, robust purchasing propelled the BSE Sensex up 319.75 points, or 0.38%, to 85,508.35 by 10:15 AM, following its open at 85,259.36—a gain of just 70.76 points.
Similarly, the NSE Nifty mirrored the bullish momentum, rising 94.70 points, or 0.36%, to 26,241.25 after commencing at 26,155.10—up a symbolic 8.55 points.
Among Sensex heavyweights, Hindalco Industries, Asian Paints, Coal India, Jio Financial Services, and SBI Life Insurance led the advance, trading between 1.02% and 1.58% higher in the first hour.
Conversely, ITC, Dr. Reddy's Laboratories, Titan Company, Bajaj Auto, and Apollo Hospitals bucked the trend, declining from 0.36% to 3.50% under selling pressure.
Trading activity encompassed 2,369 stocks, with 1,458 advancing (green zone) against 911 decliners (red zone). Of the 30 Sensex constituents, 25 traded positively versus 5 laggards; in the Nifty 50, 43 gained while 7 slipped.
The upbeat session followed a mixed close on Thursday, where the Sensex dipped 32 points (0.04%) to 85,188.60, while the Nifty edged up 16.95 points (0.06%) to 26,146.55, buoyed by positive global cues despite ongoing volatility.
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Hindusthan Samachar / Jun Sarkar
