Stock Market Opening Bell! Sensex breaches 60000-mount for the first time, Nifty nears 17900

The Indian markets started Friday’s session positive with record-high gains, as Sensex breached 60,000-mark mount for the first time and Nifty near 17900 levels. The BSE Sensex jumped 273 points or 0.46 per cent to 60,158, while Nifty50 surged nearly 75 points or 0.42 per cent to 17897.5 levels on Friday. 

While in the broader markets, Mid-cap Index also opened in the green by 162 points or 0.54 per cent to 30543.5 levels today at the market open. While Nifty Bank gained over 182 points or 0.48 per cent to 37954 levels, led by IndusInd Bank.

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Of 50 scrips on Nifty50, 41 advanced, 8 declined and one remained unchanged minutes after the market open today. IT stocks jumped most in the early morning trade, as Infosys and Wipro surged over 1.5 per cent, followed by HCL Tech up over 1 per cent in the early morning trade. IndusInd Bank has become the showstopper to gain most of all heavyweights up 1.68 per cent at the open. 

On the contrary, Steel stocks declined minutes after the market open, as Hindalco and JSW Steel top laggards at the market open, down near 1 per cent on Friday, followed by FMCG stocks HUL, Tata Consumer each down near 0.5 per cent and Shree Cement also declined by 0.5 per cent at open. 

Almost all sectoral indices opened in the green in the early morning trade, expect for metal, FMCG. Nifty Bank surged most up 0.7 per cent, led by private lenders, while Nifty Metal declined by 0.7 per cent. Nifty Media dragged the Mid-cap segment, while on the other hand Realty stocks continue their gaining streak up 0.7 per cent at open.

Globally, the US markets on Thursday closed with superb gains as Dow Jones climbs 500 points while Nasdaq regains 15,000. Similarly, Asian markets on Friday opened in the green led by the Japanese 'Nikkei' which reopened after 2 days’ holidays to trade higher by over 500 points.

One of the important triggers to the domestic markets, Foreign Institutional Investors FIIs bought shares worth Rs 357.93 crore in cash and bought Rs 1173.09 crore in index futures.