Mumbai. Sensex and Nifty recovered from the initial fall and registered gains on Friday. The market gained momentum due to buying in banking and capital goods shares. BSE Sensex fell 291.93 points or 0.35 per cent to 82,206.21 in early trade while NSE Nifty slipped 74.6 points or 0.29 per cent to 25,379.75. However, both the markets soon recovered from the initial decline and traded at positive levels.
Sensex started trading with a rise of 161.43 points at 82,659.57 points and Nifty started trading with a gain of 65.55 points at 25,519.90 points. Among the 30 companies included in the Sensex, shares of Bharat Electronics Limited, NTPC, Larsen & Toubro, Hindustan Unilever, Titan, Axis Bank, Tata Steel, PowerGrid, Sun Pharmaceuticals, UltraTech Cement, ICICI Bank and Kotak Mahindra Bank were among the gainers.
While Tech Mahindra, Infosys, Eternal, Bharti Airtel, HCL Technologies, Mahindra & Mahindra, HDFC Bank, Asian Paints and Trent declined. Asian markets recorded a decline, with Japan’s Nikkei 225 falling 1.25 percent and Hong Kong’s Hang Seng falling 0.67 percent. However, South Korea’s Kospi rose nearly two percent. China’s stock markets remained closed due to the Lunar New Year holidays.
American stock markets closed with a decline on Thursday. The price of international standard Brent crude stood at $ 71.90 per barrel with an increase of 0.33 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Thursday and sold shares worth Rs 880.49 crore. On the other hand, domestic institutional investors also made net sales of shares worth Rs 596.28 crore.
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