The primary beneficiaries among the Sensex companies included NTPC, Mahindra & Mahindra, Sun Pharma, UltraTech Cement, HDFC Bank, and Axis Bank, all experiencing significant gains. Equity benchmark indices were trading flat after initial gains in a highly volatile trade on Friday amid lack of any immediate trigger.
In the initial trading session, the 30-share BSE Sensex rose by 67.71 points to reach 66,085.52, while the Nifty increased by 28.9 points, reaching 19,830.90. Nevertheless, both the key indices encountered substantial volatility later on, fluctuating between peaks and troughs. Major gainers among the Sensex companies included NTPC, Mahindra & Mahindra, Sun Pharma, UltraTech Cement, HDFC Bank, and Axis Bank. On the flip side, Tata Motors, HCL Tech, Tech Mahindra, and Bajaj Finserv were among the underperformers.
In Asian markets, Tokyo showed gains, while Seoul, Shanghai, and Hong Kong recorded declines. Meanwhile, US markets remained closed for the Thanksgiving holiday on Thursday. “Positive factors include sluggish WTI oil prices, with FIIs and DIIs as net buyers, and global markets anticipating the Fed to pause rate hikes,” remarked Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, in his pre-opening market analysis. The international oil benchmark, Brent crude, experienced a marginal decline of 0.02 percent, reaching USD 81.40 per barrel.
On Thursday, Foreign Institutional Investors (FIIs) made equity purchases amounting to ₹255.53 crore, as per exchange data. The BSE benchmark witnessed a slight decrease of 5.43 points or 0.01 percent, concluding at 66,017.81 on Thursday. Simultaneously, the Nifty saw a dip of 9.85 points or 0.05 percent, settling at 19,802.
