Stock Market: Indian stock market opened in green, Sensex rose 386 points, Nifty above 26000.

Mumbai, 12 December. The Indian stock market opened with a rise in Friday’s trading session. At 9:21 am, Sensex was at 85,203, up 386 points or 0.45 per cent, and Nifty was at 26,010, up 111 points or 0.43 per cent. Metal shares were doing the job of pulling the market up in the initial trade. The Nifty Metal index was trading more than 1.5 percent higher. Apart from this, Auto, Financial Services, Realty, Energy, Private Banks, Infra, PSE, Services and Healthcare were in the green.

Along with largecaps, midcaps and smallcaps are also trading at a brisk pace. The Nifty Midcap 100 index was at 59,817, up 239 points or 0.40 per cent and the Nifty Smallcap 100 index was at 17,315, up 87 points or 0.51 per cent. L&T, Tata Steel, Adani Ports, BEL, UltraTech Cement, Bajaj Finance, Trent, NTPC, Maruti Suzuki, Power Grid, ICICI Bank and Asian Paints were the gainers in the Sensex pack. Eternal, HUL, ITC, Sun Pharma, Infosys and SBE were the losers.

The positive trading in the market is being attributed to strong global signals and the strength of the domestic economy. Retail inflation figures will be released at the end of the day and this time too inflation is expected to remain at a low level. Global markets also remain bullish. Tokyo, Hong Kong, Bangkok, Seoul and Jakarta were in the green, while Shanghai was in the red. Only American stock markets were trading in the green.

There is a rise in crude oil. Brent crude was up 0.67 per cent at $61.69 per barrel and WTI crude was up 0.71 per cent at $58.01 per barrel. On the other hand, pressure is being seen on precious metals. On Comex, gold was down 0.29 percent at $ 4,300 an ounce and silver was down 1.07 percent at $ 63.91 an ounce.