Indian benchmark indices continued to trade higher extending morning gains on Friday with the Nifty nearing the 12,050 level. The Sensex is up 311 points at 40,893.
Sectorally, only Nifty Pharma traded in the red. Nifty Metal extended gains from the previous session and is trading over 2% higher led by Vedanta, Hindustan Copper, and Hindalco, followed by SAIL, and Tata Steel, up 2% each. Metal stocks have been on an upward trajectory over trade deal optimism, which enhances the demand outlook for metals.
Nifty PSU Bank also rose by over 2% led by gains in OBC, Union Bank, and Central Bank of India, followed by Nifty Auto which traded higher by 1.40%.
The Indian rupee trimmed gains but is still trading up by 19 paise at 70.64/$.
Meanwhile, Asian markets continued their upward momentum on Friday amid euphoria regarding the Sino-US trade deal and a likely major election win by Britain’s Conservative Party.
Sectorally, only Nifty Pharma traded in the red. Nifty Metal extended gains from the previous session and is trading over 2% higher led by Vedanta, Hindustan Copper, and Hindalco, followed by SAIL, and Tata Steel, up 2% each. Metal stocks have been on an upward trajectory over trade deal optimism, which enhances the demand outlook for metals.
Nifty PSU Bank also rose by over 2% led by gains in OBC, Union Bank, and Central Bank of India, followed by Nifty Auto which traded higher by 1.40%.
The Indian rupee trimmed gains but is still trading up by 19 paise at 70.64/$.
Meanwhile, Asian markets continued their upward momentum on Friday amid euphoria regarding the Sino-US trade deal and a likely major election win by Britain’s Conservative Party.
No comments:
Post a Comment